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The Role of the National Bank of Romania in Organizing the Surveillance of the Financial Sector and it’s Financial Stability During the Current Financial Crisis

Author

Listed:
  • David Delia

    (“Vasile Goldiº” Western University of Arad, Faculty of Economics)

  • Dumiter Florin Cornel

    (“Vasile Goldiº” Western University of Arad, Faculty of Economics)

  • Elek Ladislau

    (“Vasile Goldiº” Western University of Arad, Faculty of Economics)

Abstract

In the absence of appropriate remedial measures, financial instability can cause the collapse of even more financial institutions, problems in the financial system infrastructure and it can ultimately affect all the financial markets. The contagion effect threats to spread internationally and it produces the destabilization of the financial system as well as of the global economy. The global financial crisis has been felt all over, in our country. The National Bank had to take a series of measures in order to eliminate the risk of contagion. The present paper aims at approaching the topic of the role that the Romanian National Bank has in the supervision of the Romanian financial system, whose main purpose is to ensure financial stability.

Suggested Citation

  • David Delia & Dumiter Florin Cornel & Elek Ladislau, 2011. "The Role of the National Bank of Romania in Organizing the Surveillance of the Financial Sector and it’s Financial Stability During the Current Financial Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 311-316, May.
    • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:311-316
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    More about this item

    Keywords

    banking supervision; the National Bank of Romania; financial stability; financial crisis; financial sector.;
    All these keywords.

    JEL classification:

    • E - Macroeconomics and Monetary Economics
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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