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Perspectives On The Financial Intermediation In Romania Within Changing Market Conditions

Author

Listed:
  • Ioan Alin Nistor

    (Universitatea Babes-Bolyai, Cluj-Napoca)

  • Dragoş Păun

    (Universitatea Babes-Bolyai, Cluj-Napoca)

Abstract

Within a short period of time, the Romanian financial institutions, corporate sector as well as household sector, moved from a period when the financial institutions enjoyed a rapid expansion, to a period of financial distress. Corporate sector use to have easy access to loans and risk management was not one of the priorities at that time. Times have changed and thus the structure of loans, deposits and overdue loans has changed. The paper analyses the changes and tries to give a short and medium time perspective on the market evolution.

Suggested Citation

  • Ioan Alin Nistor & Dragoş Păun, 2009. "Perspectives On The Financial Intermediation In Romania Within Changing Market Conditions," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 12(12(541)(s), pages 309-314, December.
  • Handle: RePEc:agr:journl:v:12(541)(supplement):y:2009:i:12(541)(supplement):p:309-314
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    File URL: http://www.ectap.ro/documente/suplimente/Finantele%20si%20stabilitatea%20economica_Finante_en2010.pdf
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    References listed on IDEAS

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    2. Isard,Peter, 1995. "Exchange Rate Economics," Cambridge Books, Cambridge University Press, number 9780521466004, December.
    3. Guillermo A. Calvo & Carmen M. Reinhart, 2002. "Fear of Floating," The Quarterly Journal of Economics, Oxford University Press, vol. 117(2), pages 379-408.
    4. Carmen M. Reinhart & Vincent Raymond Reinhart, 2002. "What Hurts Emerging Markets Most? G3 Exchange Rate or Interest Rate Volatility?," NBER Chapters,in: Preventing Currency Crises in Emerging Markets, pages 133-170 National Bureau of Economic Research, Inc.
    5. Meese, Richard A & Rogoff, Kenneth, 1988. " Was It Real? The Exchange Rate-Interest Differential Relation over the Modern Floating-Rate Period," Journal of Finance, American Finance Association, vol. 43(4), pages 933-948, September.
    6. Edison, Hali J. & Pauls, B. Dianne, 1993. "A re-assessment of the relationship between real exchange rates and real interest rates: 1974-1990," Journal of Monetary Economics, Elsevier, vol. 31(2), pages 165-187, April.
    7. Isard,Peter, 1995. "Exchange Rate Economics," Cambridge Books, Cambridge University Press, number 9780521460477, December.
    8. Ronald MacDonald, 1997. "What Determines Real Exchange Rates? The Long and Short of it," IMF Working Papers 97/21, International Monetary Fund.
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    More about this item

    Keywords

    financial institutions; loan; deposit; crisis.;

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