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Reinventarea bancilor


  • Simona Gaftoniuc

    () (Bucharest Academy of Economic Studies, Romania)


Fighting the crisis, the field of global banking is confronted with many difficult questions. Will banks survive or non bank financial institutions will dominate what has traditionally been defined as international banking? Will the new technology make the banker obsolete? One thing is clear “the good old days” are over and this thanks to deregulation, globalization and increasing competition from non bank sources of capital. To resist in a world in recession, the bank business requires a mix of new technical, financial and managerial skills and many sacrifices, costs and profits reductions, unheard a decade ago. In addition, more capital injections and guarantee may be necessary to cover the enormous losses and to ensure stability. The government injections of capital and public purchases of troubled assets, the asset guarantees are some of the government responses around the world for the recovery. Even the traditional European universal bank model is now under considerable pressure to change. Universal banks are forced to reconsider downsizing large personnel rolls, shedding numerous branches, seeking for best talents, be it through mergers or by firing redundant personnel and new technology acquisitions. The advent of the Euro, now at the 10th anniversary, eliminated an important source of easy profits for speculators and protected better against crisis inside the Euro zone. Facing up the new challenges and reality, the recently integrated European countries are making serious efforts to improve competitiveness, seeking out new strategies in order to adopt earlier the Euro.

Suggested Citation

  • Simona Gaftoniuc, 2009. "Reinventarea bancilor," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 12(31), pages 31-42, (1).
  • Handle: RePEc:rej:journl:v:12:y:2009:i:31:p:31-42

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    References listed on IDEAS

    1. Rainer Fehn & Thomas Fuchs, 2003. "Capital Market Institutions and Venture Capital: Do They Affect Unemployment and Labour Demand?," CESifo Working Paper Series 898, CESifo Group Munich.
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    4. Engel, Dirk, 2002. "The Impact of Venture Capital on Firm Growth: An Empirical Investigation," ZEW Discussion Papers 02-02, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    5. Megginson, William L & Weiss, Kathleen A, 1991. " Venture Capitalist Certification in Initial Public Offerings," Journal of Finance, American Finance Association, vol. 46(3), pages 879-903, July.
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    More about this item


    disintermediation; credit crunch; subprimes ; consolidation; banking models;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises


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