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The Evolution of Refinancing Loans Sector within the Economic Growth

Author

Listed:
  • Eduard IONESCU

    (Spiru Haret University)

  • Octav NEGURITA

    (Spiru Haret University)

Abstract

Refinancing has been and still is a financial instrument that has allowed both banks and borrowers to rescue credit contracts, especially in periods of economic crisis. The financial and banking crisis started in 2008 has led to the increasing use of this type of lending instrument, especially after 2010, both for individuals and for economic agents, using this type of loan refinancing instrument. Even though the refinancing started in the first place in the national banking system, it helped to ensure the continuity of both companies and individuals, and to prevent banks from entering as much as possible in the sphere of bad loans and unwanted expenses. In this context, we should not ignore the idea that this type of credit, together with the other types of credit instruments, can ensure the sustainability of the growth of the economic activity at the primary and secondary level, but also a sustainable nature of the financial-banking system Romanian.

Suggested Citation

  • Eduard IONESCU & Octav NEGURITA, 2017. "The Evolution of Refinancing Loans Sector within the Economic Growth," International Conference on Economic Sciences and Business Administration, Spiru Haret University, vol. 4(1), pages 212-219, November.
    • Handle: RePEc:icb:wpaper:v:4:y:2017:i:1:212-219
    as

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    File URL: http://icesba.eu/RePEc/icb/wpaper/ICESBA2017_IonescuEduard_P212-219.pdf
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    References listed on IDEAS

    as
    1. Hanson, Samuel G. & Shleifer, Andrei & Stein, Jeremy C. & Vishny, Robert W., 2015. "Banks as patient fixed-income investors," Journal of Financial Economics, Elsevier, vol. 117(3), pages 449-469.
    2. Giorgos Argitis, 2017. "Evolutionary finance and central banking," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(3), pages 961-976.
    3. Mayer, Chris & Piskorski, Tomasz & Tchistyi, Alexei, 2013. "The inefficiency of refinancing: Why prepayment penalties are good for risky borrowers," Journal of Financial Economics, Elsevier, vol. 107(3), pages 694-714.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    payments; balance; bank; mechanism; rescheduling;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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