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Creditarea si instabilitatea economica. Studiu de sinteza

Author

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  • Olteanu, Dan Constantin

    (Institutul National de Cercetari Economice al Academiei Române)

Abstract

The study summarizes the main theories concerning the bidirectional relationship between the evolution of credit and the economic stability, focusing on the "unorthodox" trends of thought, the only ones explaining the negative effects of credit and indebtedness on the sustainability of economic growth. We have shown that the distortions caused by the credit are rooted in three sources: (i) the pyramidal system of lending, and the economic growth dependance of continuous supply of credit; (ii) the over-indebtedness of companies and households, followed by debt deflation; (iii) the development of financial market

Suggested Citation

  • Olteanu, Dan Constantin, 2014. "Creditarea si instabilitatea economica. Studiu de sinteza," Studii Economice 140714, Institutul National de Cercetari Economice (INCE).
    • Handle: RePEc:ror:seince:140714
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    Cited by:

    1. Slusariuc Gabriela Corina, 2018. "Young People Perception Of The Role Of Banks In Economy," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 54-61, December.
    2. Olteanu, Dan, 2014. "Creditless Recovery In Eastern Europe," Working Papers of National Institute for Economic Research 141212, Institutul National de Cercetari Economice (INCE).

    More about this item

    Keywords

    Credit; Indebtedness; Debt deflation;
    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
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

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