IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxivy2014i2p572-575.html
   My bibliography  Save this article

Romanian Macroeconomic Vulnerability in Terms of Credit Risk – a Restructuring Procedures Perspective

Author

Listed:
  • Sãveanu Cristina

    (,,Alexandru Ioan-Cuza’’ University of Iaºi, Doctoral School of Economics)

Abstract

Access to finance remains one of the fundamental problems of Romanian economy and part of a series of indicators that determine the macroeconomic vulnerability. This paper aims to assess a state of vulnerability using IMV (Macroeconomic Vulnerability Index). This index is modified in order to reflect the influence of credit risk, from a particular point of view – the restructuring procedures perspective. Lending to firms that are facing a restructuring process is a very risky goal for banks, but at the same time a must for overcoming the financial crisis. The results are significant for the economic context and lead to the conclusion that lending for restructuring is an opportunity for growth.

Suggested Citation

  • Sãveanu Cristina, 2014. "Romanian Macroeconomic Vulnerability in Terms of Credit Risk – a Restructuring Procedures Perspective," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 572-575, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:572-575
    as

    Download full text from publisher

    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/ANALE%20vol%2014%20issue_2_2014.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    credit; risk; economic vulnerability;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:572-575. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.