The current state of development of financial markets and financial system, and environmental developments in which they operate have imposed a different perspective approach to economic risk issues generally and the banking in particular. Until the 1970s the banking risks took into...

The research comprises four chapters: internationalization and banking concentration – in the last two decades, banking systems from developed economies undergoing an unprecedented process of transformation: due to the internationalization and to the concentration of the banking activities;...

Affected by changes in the global economic climate, the banking industry adapts, increasing its possibilities of acces to funds by entering the capital markets, in direct competition with securities companies, insurance companies, mutual funds, pension funds and also, diversifying its portofolio...

The purpose of this paper is to analyze the degree of the penetration of foreign banks in the banking system of some countries in Central and Eastern Europe, with special reference to Romania. This is done using two significant indicators, such as: the share of foreign banks in the total of the...

The work is part of a complex research theme approached by the author which follows the knowledge development with favourable implications on the increase of the role and of the importance of the financial stability, having as objective to identify the best methods and institutional structures...

Historical experience shows that disruptions in credit markets can have a material impact on activity and inflation. However, it is hard to measure such effects owing to the difficulty in isolating credit supply shocks. This paper employs survey data to identify the impact of credit supply...

Even though monetary policy has kept interest rates at historically low levels, the Japanese economy has experienced long lasting recessions since the 1990s. These recessions are commonly attributed to nominal interest rates coming up against the zero bound and to the delay in achieving...

This paper uses a dynamic stochastic general equilibrium model with credit market imperfections to estimate the role of credit market shocks and monetary policy in us business cycles. The estimated model captures much of the historical narrative regarding the conduct of monetary policy and...

We develop a small open economy, New Keynesian model that incorporates a financial accelerator in combination with liability dollarization. Applying a Ramsey-type analysis, we compare the welfare implications of an optimal monetary policy under flexible exchange rates and an optimal capital...