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The Insolvency Phenomenon And The Non Performing Loans

Author

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  • Lupu Dan

    (Alexandru Ioan Cuza University of Iasi, Faculty of Economics and Business Administration Iasi, Romania)

Abstract

The number of bankruptcies increases by 50% in the period 2008-2011, at over 20,000 cases. Most bankruptcies are in the sector of trade and services, where falling demand and increased financial blockage cause serious financial problems. This article presents comparatively, the evolution of the number of bankruptcies, total and by main industry. Also it develops an econometric model to determine the effects of nonperforming loans in RON and foreign currency on the number of bankruptcies.

Suggested Citation

  • Lupu Dan, 2013. "The Insolvency Phenomenon And The Non Performing Loans," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 345-349, April.
    • Handle: RePEc:cbu:jrnlec:y:2013:v:2:p:345-349
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    References listed on IDEAS

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    1. Ewa Balcerowicz & Iraj Hashi & Jens Lowitzsch & Miklos Szanyi, 2003. "The Development of Insolvency Procedures in Transition Economies: a Comparative Analysis," CASE Network Studies and Analyses 0254, CASE-Center for Social and Economic Research.
    2. Stijn Claessens & Leora F. Klapper, 2005. "Bankruptcy around the World: Explanations of Its Relative Use," American Law and Economics Review, American Law and Economics Association, vol. 7(1), pages 253-283.
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