The impact of the business cycle on banks’ internally generated cash flows is an important driver in the pro-cyclical dynamics of the traditional banking business. This issue has been understated in the discussion on counter-cyclical regulations. Considerable attention has been given to the...

This paper has analysed the impact of the financial sector growths on the economic growth in Romania during 2000-2010. First of all, the model of Mankiw (1992) has been extended in order to establish the relation between the financial development and economic growth. The model has been assessed...

The impact of the business cycle on banks’ internally generated cash flow is an important driver in the pro-cyclical dynamics of the traditional banking business and yet the issue has been understated in the discussion on counter-cyclical regulations. Considerable attention has been given to...