The Monetary Crisis in Transylvania in the First Years after the Great Union (1919-1921). Case Study: The Bank ”Albina” of Sibiu Cover Image

Criza monetară din Transilvania în primii ani după Marea Unire (1919-1921). Studiu de caz: Banca „Albina” din Sibiu
The Monetary Crisis in Transylvania in the First Years after the Great Union (1919-1921). Case Study: The Bank ”Albina” of Sibiu

Author(s): Mihai D. Drecin
Subject(s): Economic history, Interwar Period (1920 - 1939)
Published by: Editura Academiei Române
Keywords: Monetary crisis in Transylvania; 1919-1920; „Albina” Bank; Iosif Lissai; replacing the Austrian-Hungarian korona with the Romanian leu;

Summary/Abstract: Based on archive documents, on the economic press of the time and on published works, the study presents the involvement of the Bank „Albina” in Sibiu, the oldest and most important credit institutionwith Romanian capital in Transylvania, in overtaking the economic and monetary crisis in the countryside in the early years after the Great Union. It was a process of connecting the Transylvanian Romanian banking system to the national banking system conducted by the National Bank of Romania in Bucharest, by replacing the Austrian-Hungarian korona with the RNB leu. In this process, very important for the strengthening of the young national unitary Romanian State, Iosif Lissai, general-director of the Bank „Albina” in Sibiu in the period 1915-1920, was deeply involved.

  • Issue Year: LIX/2020
  • Issue No: LIX/Sup
  • Page Range: 71-78
  • Page Count: 8
  • Language: Romanian