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The Effects of the Present Crisis on the Romanian Banking System


  • Moise-Þiþei Adina

    () (“Ovidius” University of Constanta, Faculty of Economics Sciences)

  • Miþac Mirela Claudia

    () (National Bank of Romania, Constanta Branch)


The financial crisis of 2007 to the present is a crisis triggered by a liquidity shortfall in the United States banking system. It has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s. It contributed to the failure of key businesses, declines in consumer wealth estimated in the hundreds of trillions of U.S. dollars, substantial financial commitments incurred by governments, and a significant decline in economic activity.[15] Many countries experienced recession in 2008 and Romania went into recession in the third quarter of 2008. In this article we present the impact of the present crisis on the Romanian Banking System between the end of 2007 and the end of 2010.

Suggested Citation

  • Moise-Þiþei Adina & Miþac Mirela Claudia, 2011. "The Effects of the Present Crisis on the Romanian Banking System," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1395-1399, May.
  • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:1395-1399

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    References listed on IDEAS

    1. Nicolae Al. Pop & Anca-Daniela Vl?doi, 2009. "The marketer-a complex specialist, a man of concept, decision and action," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 11(25), pages 9-20, February.
    2. Kaplan, Andreas M. & Haenlein, Michael, 2009. "The increasing importance of public marketing: Explanations, applications and limits of marketing within public administration," European Management Journal, Elsevier, vol. 27(3), pages 197-212, June.
    3. Grigorescu, Adriana, 2009. "Renewal marketing management in public and business organizations," MPRA Paper 25128, University Library of Munich, Germany.
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    More about this item


    financial crisis; credit institution; loans; deposits;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G20 - Financial Economics - - Financial Institutions and Services - - - General


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