THE SOUNDNESS OF THE BANKING SYSTEM DURING THE GLOBAL FINANCIAL CRISIS
The economic world is currently under the sign of profound changes, determined, in a significant extent, by the mutations in financial markets, the regulatory and institutional changes, illustrating its powerful impact on the financial system actors. The paper’s main purpose is to provide a comparat...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Romanian Foundation for Business Intelligence
2014-04-01
|
| Series: | SEA: Practical Application of Science |
| Subjects: | |
| Online Access: |
http://seaopenresearch.eu/Journals/articles/SPAS_3_71.pdf
|
| _version_ | 1818127048119418880 |
|---|---|
| author | Ioana-Iuliana TOMULEASA |
| author_facet | Ioana-Iuliana TOMULEASA |
| author_sort | Ioana-Iuliana TOMULEASA |
| collection | DOAJ |
| description | The economic world is currently under the sign of profound changes, determined, in a significant extent, by the mutations in financial markets, the regulatory and institutional changes, illustrating its powerful impact on the financial system actors. The paper’s main purpose is to provide a comparative analysis of the performance and efficiency of commercial banks in seven European Union countries and an empirical analysis regarding the soundness of the Romanian banking system. The analysis undertaken in the paper highlights the need for banks to apply essential adjustments in their activity, such as the orientation to a new banking model, or the gearing to the latest regulations and tighter conditions of supervision on the financial sector. There were pointed out a series of issues which captured the overwhelming implications of the global financial crisis on the “health” of the financial system in EU, noticing the need for further measures that have as a main goal the avoidance of a financial system collapse. |
| first_indexed | 2024-12-11T07:11:09Z |
| format | Article |
| id | doaj.art-2be9b0d3efef4d75bba92b81789112db |
| institution | Directory Open Access Journal |
| issn | 2360-2554 |
| language | English |
| last_indexed | 2024-12-11T07:11:09Z |
| publishDate | 2014-04-01 |
| publisher | Romanian Foundation for Business Intelligence |
| record_format | Article |
| series | SEA: Practical Application of Science |
| spelling | doaj.art-2be9b0d3efef4d75bba92b81789112db2022-12-22T01:16:20ZengRomanian Foundation for Business IntelligenceSEA: Practical Application of Science2360-25542014-04-01II3 (1/2014)598608seapas:y:2014:i:3:p:598-608THE SOUNDNESS OF THE BANKING SYSTEM DURING THE GLOBAL FINANCIAL CRISISIoana-Iuliana TOMULEASA0 Doctoral School of Economics and Business Administration, "Alexandru Ioan Cuza" University of Iasi, Romania The economic world is currently under the sign of profound changes, determined, in a significant extent, by the mutations in financial markets, the regulatory and institutional changes, illustrating its powerful impact on the financial system actors. The paper’s main purpose is to provide a comparative analysis of the performance and efficiency of commercial banks in seven European Union countries and an empirical analysis regarding the soundness of the Romanian banking system. The analysis undertaken in the paper highlights the need for banks to apply essential adjustments in their activity, such as the orientation to a new banking model, or the gearing to the latest regulations and tighter conditions of supervision on the financial sector. There were pointed out a series of issues which captured the overwhelming implications of the global financial crisis on the “health” of the financial system in EU, noticing the need for further measures that have as a main goal the avoidance of a financial system collapse. http://seaopenresearch.eu/Journals/articles/SPAS_3_71.pdf systemic riskbank performanceefficiency |
| spellingShingle | Ioana-Iuliana TOMULEASA THE SOUNDNESS OF THE BANKING SYSTEM DURING THE GLOBAL FINANCIAL CRISIS SEA: Practical Application of Science systemic risk bank performance efficiency |
| title | THE SOUNDNESS OF THE BANKING SYSTEM DURING THE GLOBAL FINANCIAL CRISIS |
| title_full | THE SOUNDNESS OF THE BANKING SYSTEM DURING THE GLOBAL FINANCIAL CRISIS |
| title_fullStr | THE SOUNDNESS OF THE BANKING SYSTEM DURING THE GLOBAL FINANCIAL CRISIS |
| title_full_unstemmed | THE SOUNDNESS OF THE BANKING SYSTEM DURING THE GLOBAL FINANCIAL CRISIS |
| title_short | THE SOUNDNESS OF THE BANKING SYSTEM DURING THE GLOBAL FINANCIAL CRISIS |
| title_sort | soundness of the banking system during the global financial crisis |
| topic | systemic risk bank performance efficiency |
| url |
http://seaopenresearch.eu/Journals/articles/SPAS_3_71.pdf
|
| work_keys_str_mv | AT ioanaiulianatomuleasa thesoundnessofthebankingsystemduringtheglobalfinancialcrisis AT ioanaiulianatomuleasa soundnessofthebankingsystemduringtheglobalfinancialcrisis |