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Determinants of Financial Stability


  • Liliana Eva Donath

    () (Faculty of Economics and Business Administration, West University of Timisoara, Romania)

  • Laura Mariana Cismas

    () (Faculty of Economics and Business Administration, West University of Timisoara, Romania)


The subject raises a huge interest in international circles, be it research groups, financial institutions or public decision makers due to market globalization and integration which trigger the risks that are spread from one market to the other through intensive financial flows. The definition of financial stability is controversial. Therefore we endeavor to select the most prominent views concerning this subject given its importance in modern economies. Further the most important macroeconomic determinants of financial stability are described as well as the requirements to fulfill this objective.

Suggested Citation

  • Liliana Eva Donath & Laura Mariana Cismas, 2008. "Determinants of Financial Stability," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 11(29), pages 27-44, (3).
  • Handle: RePEc:rej:journl:v:11:y:2008:i:29:p:27-44

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    References listed on IDEAS

    1. H. Brouwer & R. de Haas & B. Kiviet, 2002. "Banking sector development and financial stability in the run up to EU accession," MEB Series (discontinued) 2002-6, Netherlands Central Bank, Monetary and Economic Policy Department.
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    Cited by:

    1. Adrian Costea, 2011. "Assessing The Performance Of Non-Banking Financial Institutions – A Knowledge Discovery Approach," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(39), pages 174-185.

    More about this item


    financial stability; systemic risk; prudential supervision;

    JEL classification:

    • E - Macroeconomics and Monetary Economics


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