Abstract
The overall development of the Romanian banking system was profoundly linked to the general evolution of the national economy, and by this, it was overburdened by major disruptions at both micro- and macroeconomic level, peculiar to the period of transition to the market economy. Consequently, in the recent years, there have been a number of challenges that had tackled the Romanian banking system, such as the adoption of inflation targeting, further liberalisation of capital account, implementation of currency denomination, commissioning of the Electronic Payment System, as well as the higher exchange rate flexibility. Another achievement of credit institutions was the transposition and implementation of European Union requirements regarding the New Capital Accord. Moreover, progress was made in boosting the competitiveness and soundness of the banking system to make it capable of ensuring efficient financial mediation. This is going to be revealed by the positive evolutions in the main indicators of banking system's analysis.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.