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A regional analysis of the effects generated by the economic crisis and its impact on the outstanding loan portfolio in Romania


  • Alina BRĂTUCU (LUCA)

    (Bucharest Academy of Economic Studies)

  • Ioana BÎLBÎE

    (Bucharest Academy of Economic Studies)


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.

Suggested Citation

  • Alina BRĂTUCU (LUCA) & Ioana BÎLBÎE, 2012. "A regional analysis of the effects generated by the economic crisis and its impact on the outstanding loan portfolio in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(7(572)), pages 43-52, July.
  • Handle: RePEc:agr:journl:v:7(572):y:2012:i:7(572):p:43-52

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