THE ADJUSTEMENT OF THE BANKING MECHANISM FOR FINANCING ECONOMY UNDER CRISIS CONDITIONS

Development of complex financial products and necessity of reducing the costs encourages the creation of groups with multiple activities in the financial sector. Structures of financial group are also present in Romanian, and most of them are part of the international groups, provided that the finan...

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Main Author: Istrate Luminita Gabriela
Format: Article
Language:deu
Published: University of Oradea 2012-12-01
Series:Annals of the University of Oradea: Economic Science
Subjects:
Online Access:http://anale.steconomiceuoradea.ro/volume/2012/n2/092.pdf
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spelling doaj-250b692d7e85477cbe6877300a1603b52020-11-24T23:07:14ZdeuUniversity of OradeaAnnals of the University of Oradea: Economic Science1222-569X1582-54502012-12-0112608613THE ADJUSTEMENT OF THE BANKING MECHANISM FOR FINANCING ECONOMY UNDER CRISIS CONDITIONSIstrate Luminita GabrielaDevelopment of complex financial products and necessity of reducing the costs encourages the creation of groups with multiple activities in the financial sector. Structures of financial group are also present in Romanian, and most of them are part of the international groups, provided that the financial capital is mainly foreign. Both the benefits as well as the risks associated to the financial groups present in Romania are limited due to their orientation mainly mono-sectorial (very high weight kept by the credit institutions). The National Bank of Romania has an intrinsic role for maintaining the financial stability, taking into consideration the responsibilities that result from its double aspect of monetary and prudential authority. The attributions afferent to the objectives of financial stability are exercised by prudential supervision and regulation of the institutions under its authority, as well as by formulation and efficient transmission of the measures of monetary politics and supervision of functioning under optimum conditions of the payment and reimbursement systems systemically important. At the same time, it is necessary the identification of risks and vulnerabilities of the entire financial system, on the whole and separately, because the financial stability monitoring is preventive. The occurrence and development of some malfunctions, like the incorrect evaluation of risks and inefficiency of capital allocation can affect the stability of the financial and economic system. http://anale.steconomiceuoradea.ro/volume/2012/n2/092.pdfeconomic crisis, financial products, financial institutions, interest rate, foreign exchange rate
collection DOAJ
language deu
format Article
sources DOAJ
author Istrate Luminita Gabriela
spellingShingle Istrate Luminita Gabriela
THE ADJUSTEMENT OF THE BANKING MECHANISM FOR FINANCING ECONOMY UNDER CRISIS CONDITIONS
Annals of the University of Oradea: Economic Science
economic crisis, financial products, financial institutions, interest rate, foreign exchange rate
author_facet Istrate Luminita Gabriela
author_sort Istrate Luminita Gabriela
title THE ADJUSTEMENT OF THE BANKING MECHANISM FOR FINANCING ECONOMY UNDER CRISIS CONDITIONS
title_short THE ADJUSTEMENT OF THE BANKING MECHANISM FOR FINANCING ECONOMY UNDER CRISIS CONDITIONS
title_full THE ADJUSTEMENT OF THE BANKING MECHANISM FOR FINANCING ECONOMY UNDER CRISIS CONDITIONS
title_fullStr THE ADJUSTEMENT OF THE BANKING MECHANISM FOR FINANCING ECONOMY UNDER CRISIS CONDITIONS
title_full_unstemmed THE ADJUSTEMENT OF THE BANKING MECHANISM FOR FINANCING ECONOMY UNDER CRISIS CONDITIONS
title_sort adjustement of the banking mechanism for financing economy under crisis conditions
publisher University of Oradea
series Annals of the University of Oradea: Economic Science
issn 1222-569X
1582-5450
publishDate 2012-12-01
description Development of complex financial products and necessity of reducing the costs encourages the creation of groups with multiple activities in the financial sector. Structures of financial group are also present in Romanian, and most of them are part of the international groups, provided that the financial capital is mainly foreign. Both the benefits as well as the risks associated to the financial groups present in Romania are limited due to their orientation mainly mono-sectorial (very high weight kept by the credit institutions). The National Bank of Romania has an intrinsic role for maintaining the financial stability, taking into consideration the responsibilities that result from its double aspect of monetary and prudential authority. The attributions afferent to the objectives of financial stability are exercised by prudential supervision and regulation of the institutions under its authority, as well as by formulation and efficient transmission of the measures of monetary politics and supervision of functioning under optimum conditions of the payment and reimbursement systems systemically important. At the same time, it is necessary the identification of risks and vulnerabilities of the entire financial system, on the whole and separately, because the financial stability monitoring is preventive. The occurrence and development of some malfunctions, like the incorrect evaluation of risks and inefficiency of capital allocation can affect the stability of the financial and economic system.
topic economic crisis, financial products, financial institutions, interest rate, foreign exchange rate
url http://anale.steconomiceuoradea.ro/volume/2012/n2/092.pdf
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