The financial crisis of 2007-2008 has brought to light the liquidity problem of the financial system. Trying to solve this challenge, the members of the European Monetary Union were confronted with the sovereign debt crisis, which exacerbated the gravity of the initial situation. This paper...

The goal of this paper is to discuss the issues of ethics, moral hazard and behavior in banking regulation of the global financial system. The paper is focused on the specific characteristics of ethical banks, compared with those of traditional ones, and provides a picture of the extent of this...

The major negative implications of the recent financial crisis, including those of the sovereign debt crisis, especially in the case of the euro zone, on the financial integration process have determined the adoption at the EU level of some significant measures, without precedent, aimed at...

Banking role in ensuring a proper functioning of the financial and monetary mechanism by facilitating performance of the cash flows in correspondence with the flows generated by the companies was the reason that bank (creditor) – company (debtor) relation was on a permanently attention of...

The performance of the Romanian banking industry represents a true picture of the macro-economic climate, and at the same time it sets the position of the Romanian banking system in the context of current European financial trends. This paper aims at presenting the trajectory of Romanian banks...

In this article we attempt to set a starting point for a more comprehensive analysis of systemic risk as the primary ingredient to understand financial crises and as the main rationale for financial regulation, prudential supervision and crisis management. The author try to explain why the...

Troubled Asset Relief Program (TARP) is already known as the greatest governmental measure in the world. This is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector. It is the largest component of the government's...

This paper offers a broad introduction to the workings of the global financial system, the dynamics of the main financial markets, the nature and goals of the key financial institutions and the crucial role played by central banks and regulatory agencies. An important part of the paper focuses...

The financial crisis that affected the world market in late 2007 and determinate the failure of some prestigious banks and an unprecedented collapse of the stock market indices had multiple causes and lead to the transformation of the global financial market. To determine the causes that have...

Financial stability is a primary objective of international decision-making process. The analysis and evaluation of the Romanian banking system is paramount, because this is the core of the financial market, which is in the process of European integration and shocks' propagation cross-border...