A regional analysis of the effects generated by the economic crisis and its impact on the outstanding loan portfolio in Romania
Known as the biggest crises since the Great Depression, the actual global crisis has modified the economical structures of many countries and a vicious circle of tightening credit, has reduced demand and rapid job cuts occurred. In Romania, the situation evolved with rapidity based on a series of snow-ball effects and the economy suffered severe damages in terms of intensive growth and sustainability. The lending activity was seriously damaged and many people got in a difficult situation with no jobs and with higher interest rates on loans. For a better understanding of the economic crisis phenomena consequences in Romania, we will try to emphasize the main implications of the influences of unemployment and medium net wages on the banking activity using a regional econometric model for panel data.
Volume (Year): XVIII(2012) (2012)
Issue (Month): 7(572) (July)
|Contact details of provider:|| Postal: Bucharest, Calea Griviţei nr. 21, sector 1, 010702|
Phone: +40 21 3 12 22 48
Fax: +40 21 3 12 97 17
Web page: http://www.asociatiaeconomistilor.ro/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:7(572):y:2012:i:7(572):p:43-52. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marin Dinu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.