The financial turmoil that disrupted the functioning of the banking systems across EU has revived the international debates related to developing proper mechanisms for the orderly recovery and resolution of failing banks. The paper provides an insight into the regulatory initiatives launched by...

Our paper aims to provide a response to a challenge, namely quantifying the efficiency and competition in the Romanian banking system, as we have noted the absence of baseline studies on this topic. Correlated with bank profitability, the two concepts provide a full picture of the bank and...

The regulation of Romanian banking system credit activity is the subject of an ample adjusting process, its final objective being the elaboration of a rigorous, and in the same time flexible legal framework, individualized for each credit institution. Therefore, it is desired to keep management...

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....

The European Commission's proposal launched on September 12, 2012 for conferring the European Central Bank extended powers in the field of Euro zone banking supervision has become a hotly debated topic across EU member states. Until now, there is still strong resilience of the EU countries...

The purpose of this paper is to mark the trend of IPOs in the current economic environment, globally and in Romania by measuring the return of the first day of trading and the wealth transferred to the shareholders and identifying and analyzing the alternatives available and the prospects of...

Strengthening markets is a defining process of globalization and financial deregulation which reconfigured stock exchange in the world. Choosing consolidated financial architecture allows optimization of market liquidity. Thus, cost of capital for issuers is even lower as the liquidity of the...

The last decade has witnessed the development of a vast literature devoted to the study of several phenomena like banking crises or episodes of vulnerability and distress, characterized by inadequate capitalization, impairment of the asset quality and of the credit institutions' rating. The...

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...