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Aspects And Trends Of Crediting The Romanian Economy In Lei And Foreign Currency During The Pre- And Post-Accession Periods

Author

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  • Gheorghe ZAMAN

    (Institute of National Economy, Romanian Academy)

Abstract

The paper analyses the relationship between credits with denomination in lei and euro in the Romanian economy in the pre and post-accession periods, trying to highlight some structural characteristics of different types of deposits and loans from the viewpoint of interest rate levels and agreed maturity in the case of households and population. The main problem is related to the impact and vulnerabilities of predominance of credits denominated in euro in a national economy where the leu is the official currency. The bank lending is decomposed into lending to enterprises and lending to households in order to find out their important characteristics in an international comparative context. Which could be the optimal relationship between crediting in euro and crediting in lei?

Suggested Citation

  • Gheorghe ZAMAN, 2013. "Aspects And Trends Of Crediting The Romanian Economy In Lei And Foreign Currency During The Pre- And Post-Accession Periods," Romanian Journal of Economics, Institute of National Economy, vol. 36(1(45)), pages 5-29, June.
    • Handle: RePEc:ine:journl:v:2:y:2013:i:44:p:5-29
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    References listed on IDEAS

    as
    1. Beck Thorsten & Büyükkarabacak Berrak & Rioja Felix K. & Valev Neven T., 2012. "Who Gets the Credit? And Does It Matter? Household vs. Firm Lending Across Countries," The B.E. Journal of Macroeconomics, De Gruyter, vol. 12(1), pages 1-46, March.
    2. Djankov, Simeon & McLiesh, Caralee & Shleifer, Andrei, 2007. "Private credit in 129 countries," Journal of Financial Economics, Elsevier, vol. 84(2), pages 299-329, May.
    3. Felix Rioja & Neven Valev, 2004. "Finance and the Sources of Growth at Various Stages of Economic Development," Economic Inquiry, Western Economic Association International, vol. 42(1), pages 127-140, January.
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    Cited by:

    1. VOICA, Marian Catalin & PANAIT, Mirela, 2018. "Government Securities Trade At Bucharest Securities Exchange And Their Evolution In The Context Of “Centenar” Treasury Bills Issues," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 6(1), pages 275-280, October.
    2. Claudia Gabriela Baicu & Mar Wolfgang Mixa, 2017. "Banking Systems in Romania and Iceland: Two Different Worlds but Similar Development," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 6(2), pages 24-44, June.
    3. Zaman, Gheorghe & Georgescu, George, 2014. "Challenges of bank lending in Romania on short, medium and long-term," MPRA Paper 60271, University Library of Munich, Germany.
    4. repec:sph:rjedep:v:2:y:2017:i:6:p:24-44 is not listed on IDEAS

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    More about this item

    Keywords

    bank loans; credits and deposits denominated in euro versus national currency leu; vulnerabilities of euro credits; types of deposit and loan; interest rate.;
    All these keywords.

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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