Theoretical and Applied Economics
No. 5 / 2012 (570)
Comportamentul financiar al populaţiei în timpul crizei
Bucharest Academy of Economic Studies
Luminița TĂTĂRICI
Bucharest Academy of Economic Studies
Cristina VIŞAN
Bucharest Academy of Economic Studies
Abstract. This paper presents a framework for credit risk modeling of the household sector that follows a top-down approach using panel techniques. The results indicate that the determinants of default on bank loans are unemployment, exchange rate, industrial production, indebtedness and interest rate spreads. It is remarked that default events for the household sector occur with delay in case of adverse macroeconomic developments. There are two possible explanations: i) there is no personal bankruptcy law for individuals, and ii) public administration appears to adjusts slower during recessions, an important part of the work force being part of this system.
Contents
Optimal Labor Contracts with Asymmetric Information and More than Two Types of Agent
Inflation Targeting in the Romanian Banking Brushwood
Oligarchy versus Democracy and Regulation versus Deregulation under the Globalization Effect
Using Garch-in-Mean Model to Investigate Volatility and Persistence at Different Frequencies for Bucharest Stock Exchange during 1997-2012
Preparation of Financial Statements for Sme’s in Romania. Interest for Cash-Flow Statement
The Biblical Matrix of Economics
The Sustainable Development Model
Comportamentul financiar al populaţiei în timpul crizei
Education and Crisis
The Post-Crisis Healthcare System: Effects of the Economic Crisis in Romania
Business Incubators – Favorable Environment for Small and Medium Enterprises Development
Procedural and Systematic Crisis Approach and Crisis Management