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Evolution of the Banking System before and after the Integration in the European Union  [PDF]
V?nt (Turkes) M. C.
Bulletin of the Transilvania University of Brasov. Series V : Economic Sciences , 2009,
Abstract: The article presents the whole of the regulations voted within 1991-2009 regarding the Romanian banking system reorganization and progress and, implicitly, its alignment to the European Union directives. The research consisted of the presentation of the best banks depending on the market share, profitability, own deposits and capital, but also the financial indicators and banking prudence in system. Based on the analysis of the financial-banking results, I have described the Romanian banking system expansion after the European Union integration and also the problems faced in the framework of the international financial crisis.
Ciobanu (Sireteanu) Elena
Annals of the University of Oradea : Economic Science , 2011,
Abstract: This paper analyzes the evolution of the Romanian banking system during 2007 - 2010 compared to the same segment of financial market dynamics in the Member States. Also seeks to detect the effects of the global financial and economic crisis on lending activity, the management of liquidity risk and thereby the effect on the profitability of the Romanian banking sector and outline the prospects of further development. The macroeconomic and financial international background has undergone negative changes, especially in the autumn of 2008. Romania's financial system has evolved but strongly marked by the virulent manifestations of global financial and economic crisis. The banking system which is the dominant component in the financial system is well capitalized, has resisted, until now, these pressures, without recording any bankruptcy. As a lending crunch from the increase in provision expenses, against the backdrop of bad loans it seems to be a poor performance of the banking system for the future period, taking into account the negative financial result recorded at the end of 2010. Given the high degree of capitalization, liquidity level indicators, on this, consider that local banks are well placed to support the real economy on long-term lending conditions imposed by prudential regulations in the field. Currently, at the level of the Romanian banking system, we consider it is necessary to continue the measures imposed by the monetary authority to ensure the reduction of uncertainty and reassure market participants in future developments, as trust is the essential factor for the crisis. In this sense, we consider very important the debate, the direct involvement of representatives of the central bank and academic themes reflecting the current state of the Romanian financial system, lessons learned from the crisis and Romania's objectives for the future - providing a sustainable process of nominal and real convergence of the Romanian economy - towards European integration in a not too distant horizon.
Turkes (V?nt) Mirela Catalina
Annals of the University of Oradea : Economic Science , 2010,
Abstract: In a developing economy, like the one of Romania, frequent changes take place in all areas, including the banking market. The Romanian banking environment is frequently influenced by various factors. The article shows the changes that have taken place in the Romanian banking market during the period 2007-2010 as a consequence of these factors. The research consisted in presenting the most important political, economical, social and technological factors which have influenced the banking market after Romania’s integration to the European Union. Based on the analysis of these factors’ influence, I have presented the developing manner of the Romanian banking market after joining the European Union, but also the problems faced in the context of the current global crisis.
Annals of the University of Oradea : Economic Science , 2009,
Abstract: The aim of this study is to investigate the costs and benefits of Romanian integration in European Union. Starting from this ideea, the paper presents the political and economic factors that conduct to the integration even that the economic growth is unde
Integration of the Romanian Industry into the European One
Codru?a Ligia Butucescu
Acta Universitatis Danubius : Oeconomica , 2007,
Abstract: Romania’s integration into the European Union is an extremely complex process which has effects upon all sectors of the RomanianEconomy. Among the main principles that are at the basis of the development of economy and the reform in the present stage, the most importantposition is held by the restructuring and modernization of the Romanian industry, its reorganization and privatization with a view to ensuring adurable economic progress. The industrial policy of Romania has in view to create a framework which can ensure the development of a competitiveindustry, in accordance with the industrial structures of the European Union, which will lead to the reduction of the gap between Romania and theother countries of the European Union. The industry, as an important branch of the Romanian Economy, produces approximately 27% of the nationalraw produce and contributes by 1, 2-1,5 rate to its growth annually. The Government of Romania has approved of the document of the IndustrialPolicy of Romania between 2005 and 2008, stating that it is essential for the three basic parts of the durable development: the economic, social andenvironmental one, to be interconnected and to progress harmoniously. The main goals of the industrial policy of Romania are: the growth ofcompetition, the growth of the role of research, development and innovation, the promotion of a durable management of the resources and protectionof environment; the improvement of the professional training and occupation of labour. The post-integration strategy in the industrial sector will havein view, among others, the ending of the process of privatization of the commercial companies of the industry, the presentation of the remainingindustrial companies of the public property on the market, the promotion of the strategical cooperation of the holding type structures and of theeconomic groups with a view to connecting the Romanian industry to the process of globalization, the growth of the volume and efficiency of theexport, encouraging the export of products with a high level of processing and high added value, turning into account the geographical position ofRomania by directing the export to the neighbouring areas which can become outlets of maximum interest for the European Union. The mostsensitive sector from the point of view of the post-integration situation is the one of the small and middle enterprises. Thus, after the integration manyof them have reduced their activity or to put an end to their activity because they will not be able to cope with the competition from the EuropeanUnion. A challen
Scientific Annals of the Alexandru Ioan Cuza University of Iasi : Economic Sciences Series , 2007,
Abstract: The present study is structured as follows: in section 1, it is enhanced the gap and in the same time the potential to growth in the Romanian banking system, compared with the EU ones; it is analysed the impact of EU integration on bank products’ prices, taking into account the two approaches concerning the evaluation of the competition: the Structure-Conduct-Performance Hypothesis” (SCP) and the Efficient Structure Hypothesis” (ESH); it is approached the competition problem in the Romanian banking system, as result of the integration process, including aspects concerning the marketing strategies, the corporate and retail banking and the financial non-bank institutions.
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.
Constantin Ciupagea,Dorin Jula,Laura Marina,Geomina Turlea
Romanian Journal of European Affairs (RJEA) , 2004,
Abstract: The study A Cost-Benefit Assessment of Romania’s Accession to the European Union”, part of the programme Pre-Accession Impact Studies II that was coordinated by the European Institute of Romania, tries to offer a partial image of an evaluation of the qualitative and quantitative impact of Romania’s potential integration into the EU in the short, medium and long run. The focus is on the quantification and analyses of the transformations and effects induced by Romania’s accession to the European Union in terms of generated costs and benefits. The main cost categories directly associated with the accession to the European Union may be grouped in costs related to the adoption of the European norms and policies, costs related to the conformation with and implementation of the standards, costs of assuming the status of European Union member and costs related to the modernisation of the Romanian economy. The main benefits of Romania’s accession to the European Union are generated from supplementation and diversification of the financial resources, from acceleration of reforms and support for the transition through the provision of fundamental elements for the definition of the national economic policies and from the intrinsic status of an EU Member.The impact analysis of Romania’s integration process has been performed separately for the pre-accession and post-accession periods. Also, the scenarios considered in the impact assessment must be differentially conceived, one considering integration as granted, the other one trying to postpone the moment of foreseen integration into the EU. The study uses both qualitative analyses and quantitative mathematic-economic modelling tools to assess the possible changes at sectorial level, as well as at macroeconomic national level. The findings of these analyses are presented at the end of this document.
Mirela MATEI,Ioan DONE
Revista Romana de Economie , 2009,
Abstract: The foreign banks could be a key element in the process of financial integration of our country in the international and European financial system. This paper analyses the importance of foreign capital in world economy and implications of foreign direct investment in Romanian banking system.
The Economic Impact of European Union Accession on the Romanian Agriculture
Liliana Mihaela MOGA,Valentin Marian ANTOHI
Risk in Contemporary Economy , 2012,
Abstract: This paper identifies the transformation that occurred in the Romanian agriculture as a result of the accession in the European Union. On this line, the geographic structure, social and economic effects of agriculture integration and the direction of the Romanian agriculture development have been forecasted through a research conducted at level of the North East Development Region. The research was based on data collected from the village book that includes reference to the village social and economic environment, and on information gathered from statistical surveys. The results allowed the synthesis of the main effects of integration in the European Union on agriculture, with reference to the researched development region of Romania.
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