Data Envelopment Analysis method allows both the measurement of the relative efficiency of an homogenous group of credit institutions, and the identification of those banking activity’s components generating a state of inefficiency. The present study focuses on this last issue, by proposing an...

One of the consequences of the financial liberalization process is the entry of new competitors in the banking system, increasing the risk taking attitude of credit institutions whose aim is to gain a substantial remuneration and to maintain/increase the market share. In this context, an...

Ever since 1990, economic higher education has recorded profound changes in contents structure. It was evolved from reflecting the specifics of the transition economy up to its present stage adapted to the functional market economy in the international context characterized by the technological...

The new own funds adequacy device, officialy named “ International Convergence of Capital Measurement and Capital Standards”, describes the most important benchmark framework for micro-prudential supervision at the moment. The publication of the final text in June 2004, after five years of...

This study examines the similarities between the current crisis and other systemic crises from the past. The purpose of our research is to discover whether previously used crisis management policies can constitute a referential in choosing the most effective policies for the management of the...

In this paper we proposed an analysis of the financial crisis impact on the procedures for management of loan portfolios in several banking systems. Despite ample liquidity injection programs implemented by major central banks and government actions, credit risk remains a key challenge of the...

Basel III revealed new aspects to be considered in terms of risk management and supervision of banking systems. Banks may use internal models to determine minimum capital requirements imposed by new regulations to be adopted gradually in the period 2013-2019. In this context, the implementation...

The current financial crisis is not a singular event in the history of crisis episodes. The essential difference between past episodes of financial turmoil and the actual crisis is the unprecedented severity, the pace of contagion and its global size. Financial markets have been seriously...

Maintaining robustness and stability of a financial system, independent of the degree of development of a specific country, has always constituted a matter of concern for decision makers. At present, this concern has transcended national borders, as financial markets have become increasingly...

Worldwide governments perform considerable financial efforts to support financial sector and the re-launch of lending. The mechanisms vary from the guarantee and purchase of troubled assets till injecting liquidity, by buying securities issued in order to increase financial institutions' equity....