In terms of economic and financial globalization, central banks functions are to ensure not only monetary stability but also financial stability. The international financial crisis of 2007-2008, has shown that financial stability should be considered a priority objective, and the fact that...

This article aims to present the overall market for credit default swaps and their regulatory trends worldwide. Over the past year and a half, the states’ interest for CDS contracts has grown significantly, due to the global crisis and especially to the speculations on sovereign risks. If for...

The paper presents views on the state lending. According to the author, this process must be based on the same principles that apply to non-governmental credit, focusing particularly on guarantee of credit, one of the basic principles of prudential banking.

Since the advent of globalization and the stellar rise of derivatives instruments, there has been a great deal of concern regarding: the heterogeneity of financial supervision in global financial markets; the too rapid pace of growth in derivative instruments and their unknowns; the increasing...

Economic systems as inherently unstable like financial markets and we should not seek to achieve perfect stability. A strategy may have more support would involve allow-ing, and sometimes encouraging, a larger short-term cycles, using drop smaller, more fre-quent work to rid the system of...

The paper presents some aspects regarding adoptata strategy to resolve the crisis in Cyprus financial system and the effects of such approaches used the euro area, but especially on the banking sector in the European Union. From our perspective we considered as an important thing to understand...

The international financial crisis has revealed malfunctioning of surveillance systems available until 2007-2008, as well as the relationship between banks and governments, which led to the idea of creating a European Banking Union, as a measure to prevent new negative phenomena. The project...

This paper presents the evolution of exchange rate relative to major currencies, especially in 2008-2010 and forecast for 2011 to maintain relatively stable RON/Euro exchange rate around today. Since the exchange rate is expected to remain stable in the short term and the prospect of Romania's...

The financial system of Romania evolved in conditions strongly influenced by the manifestation of the global financial-economic crisis. At the beginning of the crisis, the Romanian economy had travelled through a period of many years of economic growth, accompanied however by the accumulation of...