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THE ROLE OF THE FOREIGN INVESTMENTS IN THE ROMANIAN BANKING SYSTEM RESTRUCTURING
MAGDALENA RADULESCU
Lucr?ri ?tiin?ifice : Management Agricol , 2009,
Abstract: The creation of a viable and sound financial system in South-East European (SEE) countries has been a fundamental aspect of their transition to a market economy. At the beginning of the 1990s, much of the banking industry in the SEE countries and Turkey remained underdeveloped. In Romania, the banking field has been and it is one of the most dynamic and active segments within the economy, registering important growths from year to year, both regarding capital, number of employees, investments, and the credit level of the economic activity. Nevertheless, there had been some deficiencies materialized in some aspects of banking system leanness, non performing credits, important losses or even bribery. The banking system must truthfully reflect the development and decentralizing level within the economy, representing not only a result of the reform, restructuring and privatization process, but also a very active and mobilizing factor of this process.
IFRS – Impact on Indian Banking Industry  [cached]
CA. Mohammad Firoz,A. Aziz Ansari,Kahkashan Akhtar
International Journal of Business and Management , 2011, DOI: 10.5539/ijbm.v6n3p277
Abstract: The purpose of this paper is to analyze the impact of IFRS on the Indian banking industry after the implementation on and after 01st April. 2011. This paper is based upon the critical analysis of financial statements of the Indian banking industry, such as business per employee, Capital and reserve, Investments and advances, Net NPA Ratios, and the impact thereon of relevant provisions of IFRS. The limitation of this paper is that it covers only the Indian banking industry and excludes all other industries in India. This paper shows the areas in which Indian banking industry is required to focus before and after the implementation of IFRS and their consequences on the financial statements of the Bank.
The Challenges of Basel III for Romanian Banking System  [PDF]
Anca Elena NUCU
Theoretical and Applied Economics , 2011,
Abstract: Basel III represents a fundamental review of the regulatory and supervision framework of the banking industry in the future, the aim being to strengthen the stability of the financial system. The purpose of this paper is to analyze the impact of Basel III introduction upon the banking system at European level, respectively, upon the Romanian banking system. If at European level it is estimated a substantial deficit in capital and liquidity, with major impact on profitability indicators, the impact of Basel III upon banking system in Romania is considered to be limited. The measures which credit institutions could take to mitigate the impact of alignment with the new standards are business model adjustment and balance sheet restructuring.
Risk Analysis of the Romanian Banking System – an Aggregated Balance Sheet Approach  [PDF]
Eugen MITRICA,Liliana MOGA,Andrei STANCULESCU
Annals of Dun?rea de Jos University. Fascicle I : Economics and Applied Informatics , 2010,
Abstract: The paper presents a risk analysis for the current Romanian banking system. The analysis is conducted from the point of view of prudential rules and also from the point of view of Romanian banking system’s exposure to foreign funds, considering the consequences of these features, concerning the soundness and reliability of the banking system. The analysis found a manageable risk level, apparently, although during 2009 and 2010 the expansion of risk indicators was accelerated, but finally, in the late 2010, there are some signs of stabilization. The exposure of Romanian banking system to foreign funds was another important risk source. The exposure to foreign funds had an important decrease during 2009, but in 2010 it seems to stabilize.
The delay of investments in Romanian tourism caused by the current financial crisis  [PDF]
Fratu, D.,Dugulean?, L.
Bulletin of the Transilvania University of Brasov. Series V : Economic Sciences , 2010,
Abstract: The European Union considers creating specific economic areas due to the inheritance of each country. For the south-east European area, the characteristic is the low industrial development, as a consequence of the financial crises. Nowadays, the south-east European area becomes attractive mainly because of the tourism industry, due to the industrial downturn of the last decades. EU policies regarding the tourism industry face the actual financial crisis, which is reflected in the postponing of investments in tourism. In this article, the author intends to analyze the current stage of investments made in the Romanian tourism industry with the help of the European Union. The study also aims at finding favourable solutions for continuing investments, although the crisis persists.
THE ROMANIAN BANKING SYSTEM a€“ PAST, ACTUALITY, PERSPECTIVES  [PDF]
DAVID DELIA
Annals of the University of Oradea : Economic Science , 2012,
Abstract: The way crossed by the Romanian banking system until the present time is one governed by profound reforms which have been made in regards to the European Union. The strategies embraced by Romanian banks, in 1990 and until the present time, are meant to develop and to improve the performances so that they can compete with European banks and they can respond in an efficient manner to the customersa€ needs. The purpose of this paper is to underline the main stages of evolution of the Romanian banking system since 1990 and to lay emphasize the perspectives on its evolution in the context of the actual economic crisis. By going through the stages previously mentioned in this paper , we can see that the Romanian banking system evolved positively, from the moment of the transition to the market economy, but in order for it to be functional and to contribute to the development of the economy as a whole, aspects related to the the supervision of the financial stability should be taken into consideration and in order to assure the stability of the financial system, the increase of the administrative capacity of the Central Bank should be considered, as well as balancing the structure of the creditation process, on coins, the improvement of the banking assetsa€ quality, the qualitative study of the NBRa€ s surveillance process, managing the contagion risk, etc. In order to achieve these objectives, the documentation by the investigation of a significant volume of works has been done, by scientifically acknowledged publications, analysis being applied, by deduction method and a significant volume of quantitative information was submitted to professional judgment. Concerns regarding this subject have been found in various paper works and in specialized books. We mention here the doctoral thesis of Elena Teodorescu Georgescu a€ The evaluation pattern of credit institutionsa€ prudential surveillance efficacya€ , the author of this work David Delia, with the work a€ Contributions regarding the improvement of the banking accountancy dealing with credits granted to non-financial clientsa€ and so on. An outstanding attention payed to this subject was the one of the governor of the National Bank of Romania, Mugur Isarescu, who issued a series of articles and books on this subject. Also, Silviu Cerna, Aurelian Paul Berea, Vasile Dedu, Nicolae Danila approached in their books the problem regarding the evolution of the Romanian banking system. The National Bank of Romania offers to its users, information regarding the evolution of the banking industry through the Reports
THE EFFECTS OF FOREIGN INVESTMENTS ON ROMANIAN ECONOMY  [PDF]
Popa Lucia Ramona
Annals of the University of Oradea : Economic Science , 2009,
Abstract: The Romanian economy is marked by great micro and macroeconomic instability generated by the transition to a functional market economy. The direct foreign investments play an extremely important role among others in the formation of fixed capital necessar
COMPETITION IN ROMANIAN BANKING SECTOR  [PDF]
Andries Alin Marius,Capraru Bogdan
Annals of the University of Oradea : Economic Science , 2011,
Abstract: Recent turmoil in the global financial system has impacted severely on the banking sector with many banks suffering large losses and necessitating the need to raise additional capital privately or through their respective national governments. In our study we investigate the impact of structural reforms performed throughout the European Union (EU) accession process on competition and contestability of banking systems in Romania. The literature of the measurement of competition can be divided into two major approaches: structural and non-structural. The structural approach to the assessment of competition embraces the Structure-Conduct-Performance Hypothesis (SCP) and the Efficient Structure Hypothesis (ESH). The structural approach, as the name suggests, assesses bank competition by examining measures of market structure such as concentration ratios (the share of assets held by the top 3 or 5 institutions) or indices (e.g., the Herfindhal-Hirschman index) and supposes that higher concentration in the banking market causes less competitive bank conduct and leads to higher bank profitability. The SCP model is originally developed by Bain (1956). The second approach, ESH, developed by Demsetz (1973) and Peltzmann (1977) suggests that the superior performance of the market leaders determines the market structure, implying that higher efficiency produces both higher concentration and greater profitability. The non-structural indicators of competition are mainly based on the measures of monopoly power developed by Lerner (1934). The Lerner Index suggests the mark-up of price over marginal cost. An alternative non-structural indicator of the degree of market competition is the Panzar and Rosse (1987) H-statistic. The H-statistic measures the extent to which changes in banking costs are reflected in changes in banking revenues. In order to examine the level of competition and market power of banks in Romania for period 2003 - 2009, we estimate the non-structural indicators and compare it with the structural indicators of competition. In particular, we measure competition using Lerner index and the H-statistic, indicators what are estimated using bank-level data and are compared with a standard market structure measure of concentration like HHI and CR5. There are no other studies that measure both structural and non-structural competition indicators for Romanian banking sector. Also, our assessment contains a period of seven years including the begging of the implications of the present international financial crises on Romanian banking sector. The structural in
Competition and Risk-taking in Banking Industry  [PDF]
Rostislav Staněk
Financial Assets and Investing , 2012,
Abstract: The aim of the paper is to investigate the relationship between competition and risk-taking in the banking industry. The paper provides a general theoretical model that incorporates the charter value models and models with contracting problems. In particular, the model contains a moral hazard problem and it enables investments into the risk-free asset. Competition on the loan side of the market is modeled as spatial competition. The model predicts that the relationship between competition and the probability of bank failure is non-monotonic and U shaped. The prediction of the model is verified by the empirical analysis conducted using the data from Czech banking sector. The HerfindahlHirschman index is used as a measurement of competition and the Z-score is used as measurement of the probability of bank failure.
CREDIT RISK ASSESSMENT IN THE ROMANIAN BANKING SYSTEM. EVIDENCE FROM THE RECENT FINANCIAL CRISIS  [PDF]
Anamaria Avadanei
CES Working Papers , 2011,
Abstract: The financial crisis followed by the recession has adversely affected the quality of Romanian banking assets. The aim of this paper is to point out the implications of credit risk in the Romanian banking system following the accelerate dynamics of credit activity before the financial crisis and the effects vs. solutions proposed and implemented in recent years. Structured on four parts, the study presents the recent contributions in the crisis-lending relationship, the main features of the Romanian banking system, the evaluation of credit risk in terms of numbers, facts, actions and a short analysis of the correlation between credit indicators (consumer credit, credit risk ratio, medium exchange rate and the number of employees in the economy). To conclude, we propose to define the key points of the future Romanian banking activity.
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