IDEAS home Printed from https://ideas.repec.org/a/aio/fpvfcf/v1y2010i12p21-28.html
   My bibliography  Save this article

The impact of Lehman Brothers on Romanian banks listed on BVB

Author

Listed:
  • Ioan NISTOR
  • Maria ULICI

    (Babes-Bolyai University Cluj-Napoca)

Abstract

The current economic crisis was defined by analysts as the worst financial crisis since the Great Depression of the 30’s, countries under development being confronted with an accelerated reduction in the economic growth and labor force, negative impact on the commercial balance sheet and balance of payments, severe drop of private net capital flows and direct external investments, reduced access to loans and trade financing, exchange rate fluctuations, reserve meltdown, increased volatility and price decrease for stocks. In this paper, we try to identify if there is an impact of Lehman Brothers stock on Romanian banking stocks listed on Bucharest Stock Exchange. We can say that a significant impact on reducing Romanian banks securities was prompted by the economic situation (financial crisis international) and less by U.S. bank, Lehman Brothers, bankruptcy.

Suggested Citation

  • Ioan NISTOR & Maria ULICI, 2010. "The impact of Lehman Brothers on Romanian banks listed on BVB," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(12), pages 21-28, December.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:12:p:21-28
    as

    Download full text from publisher

    File URL: http://feaa.ucv.ro/FPV/012-03.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Magda Florin-Mihai, 2013. "The Implications Of Marketing Activity In Risk Analysis, Core Element Of Lending Policy To Commercial Banks," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 186-196, April.

    More about this item

    Keywords

    Romanian banks; Lehman Brothers collapse; ARCH/GARCH model;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:fpvfcf:v:1:y:2010:i:12:p:21-28. 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: (Alina Manta). General contact details of provider: http://edirc.repec.org/data/fecraro.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.