The paper analyses the swift growth of bank loans granted to the nongovernmental sector with a special attention on the case of Romania, concluding that it creates several perils for the macroeconomic and financial stability.

The construction of an Aggregate Financial Stability Index represents one of the methods used for assessing the level and dynamics of financial sector stability.

This article is expressing the authors’ point of view as regards the economic and social evolution of Romania during 2005. After highlighting the basic elements of the general frame to consider for Romania in 2005, the article develops the analysis by the main sectors of activity. The Gross...