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The global financial crisis and its implications on the Romanian banking systems

Author

Listed:
  • Ioan NISTOR
  • Maria ULICI
  • Mirela-Oana PINTEA

    (Babes-Bolyai University Cluj-Napoca)

Abstract

The current financial crisis seems to be more painful than those occurring in recent decades. This crisis caused a massive decline in the market confidence of both businesses and consumers. The crisis has affected a multitude of economic and financial activities such as financial markets that have registered genuine reductions, serious problems of liquidity and depreciation of national currencies. Worldwide banking systems are one of the major areas that were affected by the crisis, with considerable bankruptcies landslide. This study investigates the effects of financial crisis on the banking system from Romania while highlighting the challenges brought by the crisis.

Suggested Citation

  • Ioan NISTOR & Maria ULICI & Mirela-Oana PINTEA, 2009. "The global financial crisis and its implications on the Romanian banking systems," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(9), pages 160-167, May.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2009:i:9:p:160-167
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    File URL: http://feaa.ucv.ro/FPV/009-22.pdf
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    Citations

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    Cited by:

    1. Imola Driga, 2013. "Financial Crisis And Bank Profitability – The Case Of Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(41), pages 34-45.

    More about this item

    Keywords

    financial crisis; banking system; financial markets; liquidity; bankruptcies;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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