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The Financial Crisis: A Neverending Story

Author

Listed:
  • RADULESCU MAGDALENA

    (UNIVERSITY OF PITESTI)

  • JIANU ELENA

    (UNIVERSITY OF PITESTI)

  • ZAMFIROIU TATIANA

    (UNIVERSITY OF CRAIOVA)

Abstract

The global financial shock had symmetrical effects across the Eurozone: the cross-border financial flows decreased in 2008, and the investors ˑrераtriаted the funds towards home markets and re-evaluated the level of their international exposure. In the banking area, large mergers and aquisitions took place before the crisis and large banking group were created. This concentration process in the banking sector continued in the crisis context, because the banks performance dropped signifiantly. The Romanian banking system was less affected by the crisis, since it was not exposed to toxic assets, as well as due to the prudential and administrative measures adopted by the National Bank of Romania. Still, for Romania, but also for the entire Europe, the danger didn’t dissapeared. The Greek situation and the Ukrainian conflict represent a challenge for the achieved stability in the European area.

Suggested Citation

  • Radulescu Magdalena & Jianu Elena & Zamfiroiu Tatiana, 2015. "The Financial Crisis: A Neverending Story," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 10-15, October.
    • Handle: RePEc:cbu:jrnlec:y:2015:v:5:p:10-15
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    References listed on IDEAS

    as
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    4. Mariana NEDELCU (BUNEA), 2014. "Basel Iii Impact On Romanian Banking System Performance," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 3, pages 397-403, April.
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