GLOBALIZATION AND INTEGRATION INTO THE ECONOMIC AND MONETARY UNION-CHALLENGES FOR BANKS OPERATING IN ROMANIA
This paper aims to present recent evolution, but also the consequences of globalization of the banking sector, considering different approaches of this phenomenon. Over time, the banking field has undergone important changes in both the applicable law of this area, and through the technologies used...
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| Format: | Article |
| Language: | English |
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University of Petrosani
2012-01-01
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| Series: | Annals of the University of Petrosani: Economics |
| Subjects: | |
| Online Access: | http://www.upet.ro/annals/economics/pdf/2012/part2/Popa.pdf |
| _version_ | 1826801042745982976 |
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| author | CORALIA EMILIA POPA |
| author_facet | CORALIA EMILIA POPA |
| author_sort | CORALIA EMILIA POPA |
| collection | DOAJ |
| description | This paper aims to present recent evolution, but also the consequences of globalization of the banking sector, considering different approaches of this phenomenon. Over time, the banking field has undergone important changes in both the applicable law of this area, and through the technologies used in satisfying the customers’ needs. The development of international markets has led to new opportunities and challenges for banks that transformed the domestic financial market into an arena where only the best survive and grow. On these grounds and in strict relation to positive and negative effects of globalization, we can speak of a constant evolution of its most important subsystems - the financial subsystems of the global economy. In this paper special importance is given to the banking field, the article presenting arguments through which this complex phenomenon called globalization may have important consequences on financial supervision and regulation. |
| first_indexed | 2024-04-12T13:33:28Z |
| format | Article |
| id | doaj.art-19c214c7b3e74c6b92735179970f28a7 |
| institution | Directory Open Access Journal |
| issn | 1582-5949 2247-8620 |
| language | English |
| last_indexed | 2025-03-17T01:00:35Z |
| publishDate | 2012-01-01 |
| publisher | University of Petrosani |
| record_format | Article |
| series | Annals of the University of Petrosani: Economics |
| spelling | doaj.art-19c214c7b3e74c6b92735179970f28a72025-02-19T09:07:31ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492247-86202012-01-01XII2205212GLOBALIZATION AND INTEGRATION INTO THE ECONOMIC AND MONETARY UNION-CHALLENGES FOR BANKS OPERATING IN ROMANIACORALIA EMILIA POPAThis paper aims to present recent evolution, but also the consequences of globalization of the banking sector, considering different approaches of this phenomenon. Over time, the banking field has undergone important changes in both the applicable law of this area, and through the technologies used in satisfying the customers’ needs. The development of international markets has led to new opportunities and challenges for banks that transformed the domestic financial market into an arena where only the best survive and grow. On these grounds and in strict relation to positive and negative effects of globalization, we can speak of a constant evolution of its most important subsystems - the financial subsystems of the global economy. In this paper special importance is given to the banking field, the article presenting arguments through which this complex phenomenon called globalization may have important consequences on financial supervision and regulation.http://www.upet.ro/annals/economics/pdf/2012/part2/Popa.pdfglobalizationbanking systemEconomic and Monetary Union |
| spellingShingle | CORALIA EMILIA POPA GLOBALIZATION AND INTEGRATION INTO THE ECONOMIC AND MONETARY UNION-CHALLENGES FOR BANKS OPERATING IN ROMANIA Annals of the University of Petrosani: Economics globalization banking system Economic and Monetary Union |
| title | GLOBALIZATION AND INTEGRATION INTO THE ECONOMIC AND MONETARY UNION-CHALLENGES FOR BANKS OPERATING IN ROMANIA |
| title_full | GLOBALIZATION AND INTEGRATION INTO THE ECONOMIC AND MONETARY UNION-CHALLENGES FOR BANKS OPERATING IN ROMANIA |
| title_fullStr | GLOBALIZATION AND INTEGRATION INTO THE ECONOMIC AND MONETARY UNION-CHALLENGES FOR BANKS OPERATING IN ROMANIA |
| title_full_unstemmed | GLOBALIZATION AND INTEGRATION INTO THE ECONOMIC AND MONETARY UNION-CHALLENGES FOR BANKS OPERATING IN ROMANIA |
| title_short | GLOBALIZATION AND INTEGRATION INTO THE ECONOMIC AND MONETARY UNION-CHALLENGES FOR BANKS OPERATING IN ROMANIA |
| title_sort | globalization and integration into the economic and monetary union challenges for banks operating in romania |
| topic | globalization banking system Economic and Monetary Union |
| url | http://www.upet.ro/annals/economics/pdf/2012/part2/Popa.pdf |
| work_keys_str_mv | AT coraliaemiliapopa globalizationandintegrationintotheeconomicandmonetaryunionchallengesforbanksoperatinginromania |