In this article, we used a stochastic frontier model to estimate the cost efficiency of cooperative banks and savings banks from nine countries over the period 2005 to 2011. In addition, we analyzed the influence of certain variables that quantify the risk and performance of cooperative banks...

In this article we proposed to estimate econometrically a model that intercepts determinant factors of the non-governmental credit evolution in Romania and to sustain, empirically, some well-known affirmations in the specialized literature, but also the identification of some elements which...

The paper analyzes the efficiency and productivity of the most important banking system from 2006-08 and tries to address the long-term challenges posed by the global financial crisis. A non-parametric frontier analysis (DEA) is applied to estimate the relative efficiency of banks segments in...

In this article we use a Markov Switching model with two lags to identify and to compare the business cycle in Romania, Czech Republic, Hungary and Poland using data on industrial production for the 1991-2011 period. We use a model with two regimes that reflect the economic expansions and...

In this paper we study the relationship between price stability and financial stability. We try to determine whether asset prices are useful indicators for determining future inflation rates and we analyze the tensions in the interbank market during the last five years by means of a GARCH (1,1)...

Within this study we try to capture the impact of political news and economic news from euro area on the exchange rate between Romanian currency and euro. In order to do this we used a GARCH model. As we observed, both variables influence the exchange rate, this fact implying national currency...

In this paper are presented the actions of Romanian banks in granting loans to both individuals and legal entities, taking into account credit conditions imposed by the Central Bank, by reducing the key of the interest rate to 3.75%. The actions carried to cheapening credit continued reduction...

This article uses a non-linear time-varying model to test productivity convergence in 10 emerging countries within Central and Eastern Europe. The results show that the convergence algorithm has rejected the null hypothesis of convergence for all countries in most of the sectors. Also, we found...

This paper presents the challenges and perspectives of the future evolution of inflation in a changing world characterized by a severe financial crisis. It also analyses the framework of inflation targeting in Romania. Contradictory pressures have challenged ever since the functioning of this...

The paper analyzes the efficiency and productivity of the Romanian banks from 2006-08. It uses a non-parametric approach, the data envelopment analysis (DEA) to analyze banks’ efficiency. Based on a sample of 15 commercial banks, our findings reveal that although the efficiency of the Romanian...