Theoretical and Applied Economics
No. 8 / 2009 (537)
The Future of the Banking Supervision in Europe
Elena Georgescu
The Bucharest Academy of Economic Studies
Abstract. The current financial crisis marked the end of a period characterized by a profit rush and an ascending trend of taking risks. In order to diminish its effects, central banks and governments made a prompt and joint intervention which resulted in urgent measures to re-establish the trust in the international financial system.
However, the deficiencies in the risk management (associated with other weaknesses in the functioning of the financial markets) call for a profound reform of the financial regulatory and supervisory framework. The success of this process aiming the improvement of the regulatory structure and, especially, of the components which encountered major dysfunctions, cannot be conceived without revising the entire supervision architecture at both regional and international level, so that it can provide the revitalization, consolidation and effectiveness of the international financial system as a whole.
Contents
The Future of the Banking Supervision in Europe
The Penrose’s Law and Decision-Making Processes in the Council of the European Union. Case Study: the Impact of the Square Root’ Rule on Formation of Romania’s Coalitions in the Council of Ministers
Empirical Analysis Concerning the Correlation Fiscality Rate – Tax Incomes in Romania
The Mimetic Principle in the Underground Economy
Relational Marketing – the Prerequisite to Implement Tourist Companies’ Marketing Strategies