Search

The recent economic and financial crisis has brought significant changes to the regulatory framework in the banking sector. Previous studies show that authorities tend to resort to legal changes in response to crises. The paper analyzes the regulations taken in the past in order to overcome financial imbalances, aiming to identify both differences and similarities between the recent and the past crises measures. The analysis also highlights some of the reasons for which certain measures which were adopted previously as a response to the imbalances, although proved to be effective back then, cannot be implemented in present as well. [ABSTRACT FROM AUTHOR]

Similar to other economic sectors, competition in the banking sector is often seen as a prerequisite for an effective banking system. However theoretical and empirical studies have not reached conclusive results on the positive relationship between competition among banks and financial stability. There are analyzes that suggest that excessive competition can lead to fragility and that regulations on competition are necessary in order to ensure and maintain financial stability. This paper examines competition and financial stability in the banking sector using existing data on some banking institutions in Romania. [ABSTRACT FROM AUTHOR]

Economic growth, one of the main objectives of every economy has been recently affected by the global economic and financial instability. This led to the increase of the indebtedness which soon became a problem for both the developed and developing countries. The article examines the indebtedness indicators highlighting their implications for financial stability. Although indispensable in an economy because of its role in supporting economic growth, debt can have serious implications for stability when its values are very high. [ABSTRACT FROM AUTHOR]

The economic crisis has led to changes not only in the real economy but also in the economic theory. The identification of the factors that generated the economic recession and the measures that should be adopted to minimize its adverse effects are a common concern. The article aims to clarify on the one hand, the extent to which competition policy applied in banking sector contributed to the crisis and, on the other hand, the opportunity for changes in the same policy aiming the economic recovery. Competition policy once reconfigured, it must be carefully implemented given the banking systemic risk and its essential role in the prevention and treatment of crisis. [ABSTRACT FROM AUTHOR]

Romanian banking sector, as the European one, has been affected by the economic instability manifested worldwide. The global imbalances have imposed changes both in the institutional architecture and in the behavior of the banks in assessing and analyzing the risks assumed. The article presents the main lines of action proposed for the stabilization and strengthening of the Romanian banking system, and also the assessment of the obtained results that, in certain circumstances, require corrective actions. The preponderance of foreign owned banks exposes the entire domestic financial system to the contagion phenomenon that sometimes generates catastrophic effects that are hard to predict and especially to manage. This justifies the increased attention from both national and European oriented institutions. [ABSTRACT FROM AUTHOR]