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Romanian Bank Lending During The Financialcrisis

Author

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  • Ph.D Lect. Imola Driga
  • Ph.D Lect. Anca Jarmila Guta

    (University of Petrosani Faculty of Science Petrosani, Romania)

Abstract

This paper examines the effects of the financial crisis on lending within the Romanian banking system. Lending in Romania contracted significantly since the fall of last year for two reasons. On one hand, the central bank’s new crediting norms, that intended to limit borrowing risks, entered into force in October 2008 and forced banks to take extra-measures. On the other hand, the first signs of the economic crisis started to show in Romania at the same time and affected the lenders’ liquidity. The development of Romanian bank lending at the end of 2008 reflected the impact of both credit demand and especially credit supply.

Suggested Citation

  • Ph.D Lect. Imola Driga & Ph.D Lect. Anca Jarmila Guta, 2009. "Romanian Bank Lending During The Financialcrisis," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(12), pages 7-19, April.
  • Handle: RePEc:aio:rteyej:v:1:y:2009:i:12:p:7-19
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    File URL: http://feaa.ucv.ro/RTE/012-03.pdf
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    References listed on IDEAS

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    1. V. V. Chari & Lawrence J. Christiano & Patrick J. Kehoe, 2008. "Facts and myths about the financial crisis of 2008," Working Papers 666, Federal Reserve Bank of Minneapolis.
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    More about this item

    Keywords

    financial crisis; bank lending; credit demand; credit supply; household loans; corporate loans;

    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

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