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Banking Deposits of Population. Characteristics in Romania

In: 16th Economic International Conference NCOE 4.0 2020

Author

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  • Gheorghe MoroÅŸan

    (Ștefan cel Mare University of Suceava, Romania)

Abstract

Starting with the classical theories regarding the economic growth and until now, the accumulation of capital has been given an important role. Along with technological progress and specialization of the labour force, saving is considered a source of economic growth. This paper aims at analysing the savings of the population placed in bank deposits during the period between 2015 and 2019 in Romania. The study focuses on analysing the dynamics of deposit volume and virtually anyone who saves and then invests (in our case investments in bank deposits) expects to obtain an income, a certain yield, a reasonable return. Comparing the interest rates on bank deposits with the inflation rate but also with other interest rates, we want to determine how profitable these investments are for the population. This study examines whether the level of interests on bank deposits placed by individuals in Romania is attractive enough to stimulate savings, given that the country needs capital for development.

Suggested Citation

  • Gheorghe MoroÅŸan, 2020. "Banking Deposits of Population. Characteristics in Romania," Book chapters-LUMEN Proceedings, in: Carmen NÄ‚STASE (ed.), 16th Economic International Conference NCOE 4.0 2020, edition 1, volume 13, chapter 16, pages 171-181, Editura Lumen.
    • Handle: RePEc:lum:prchap:13-16
    DOI: https://doi.org/10.18662/lumproc/ncoe4.0.2020/16
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    References listed on IDEAS

    as
    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    2. Douglas W. Elmendorf, "undated". "The Effect of Interest-Rate Changes on Household Saving and Consumption: A Survey," Finance and Economics Discussion Series 1996-27, Board of Governors of the Federal Reserve System (U.S.), revised 10 Dec 2019.
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    More about this item

    Keywords

    savings; bank deposits; interest; banks; time deposits; overnight;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • F1 - International Economics - - Trade
    • F3 - International Economics - - International Finance
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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