The soundnes of the financial systems in CEE countries
The soundnes of the financial systems in CEE countries
Author(s): Ioana-Iuliana TomuleasaSubject(s): Supranational / Global Economy, Business Economy / Management, Transformation Period (1990 - 2010), Present Times (2010 - today), EU-Accession / EU-DEvelopment, Public Finances, EU-Legislation
Published by: Fundatia Română pentru Inteligenta Afacerii
Keywords: New EU member countries; Financial crisis; Financial soundnes indicators; European integration;
Summary/Abstract: The financial system is vitally important for the real economy, contributing decisively to economic activities. The paper aims to examine the features of the financial system of Central and Eastern European countries (Bulgaria, Czech Republic, Hungary, Latvia, Lithuania, Poland, and Romania), the major imbalances acumulated during the period preceding the onset of the curent global economic crisis and the measures taken by monetary and financial authorites to ensure the continuity of European financial integration. Moreover, in this paper an empirical analysis was developed, investigating the major implications of the crisis on the financial soundnes indicators perceived in the selected countries, in the period 208- 2013. The analysis conducted in this paper suggests that he financial system is characterized by a high sensitivity, being subjected to pressures from the international financial turmoil, observing the increasing tendency of current risks.
Journal: Network Intelligence Studies
- Issue Year: 2/2014
- Issue No: 04
- Page Range: 295-304
- Page Count: 10
- Language: English