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The euro-leu argument in the population’s preferences for savings placement

Author

Listed:
  • Dan Florentin SICHIGEA
  • Lorena TUPANGIU

    (University of Craiova)

Abstract

While in the case of the ability to meet credit obligations, in the opinions of the high representatives of banking and financial system, indebtness should be established in the same currency in which each customer is remunerated at work, the majority being paid in lei, an analysis of the population’s placements in bank deposits indicates that during this period of crisis there has been a decrease of natural persons’ deposits in lei and an increase in deposits in foreign currency. The explanation of this way of acting consists either in the traditional tendency to save under the circumstances of an economy frequently undergoing convulsions and conjuncture, or in the scepticism regarding its favourable evolution on a short term, despite all the positive warnings made either by the govern or by the rating agencies themselves. This article proposes a wider analysis of the saving behaviour against the forecasts regarding the evolution of the banking system this year.

Suggested Citation

  • Dan Florentin SICHIGEA & Lorena TUPANGIU, 2010. "The euro-leu argument in the population’s preferences for savings placement," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(11), pages 260-264, May.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:11:p:260-264
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    More about this item

    Keywords

    saving; placement; bank deposits; population’s households;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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