This paper provides an in-depth analysis of the use of foreign currencies in the lending activities of banks in transition economies. The impact of bank and firm variables on credit dollarization is studied in an optimal portfolio allocation model and estimated using new aggregate data for 21...

This paper examines the implications of foreign bank penetration on economic growth from the perspective of resource allocation in host countries. We use aggregate banking data, constructed from bank-level balance sheets and income statement information covering more than 1200 banks in the 35...

In the fall of 2008, lending activity has triggered the outbreak of the biggest crisis since the Great Depression. The global crises modified the economical structures of many countries and a vicious circle of tightening credit, reduced demand and rapid job cuts took place. Also, Romanian...

The financial crisis has influenced significantly the Romanian banking system activity causing different changes of Banks strategies between 2009 and 2012 (in 2013 changes are still registered). Within a poor credit market, the Banks market share registered important fluctuations, some of them...