EVOLUTII RECENTE ALE CREDITULUI NEGUVERNAMENTAL
                         ÎN ROMÂNIA /
      RECENT DEVELOPMENTS OF NON-GOVERNMENTAL CREDIT
                          IN ROMANIA

Prof. dr. Marius Gust, Universitatea „Constantin Brâncoveanu”, mariusgust@yahoo.com
Asist. drd. Dorin Hoarca, Universitatea „Constantin Brâncoveanu”, hdc77ro@yahoo.com

Abstract:
The former is has in view the Romanian banking system's structure, whereas the latter comprises
the evolution in the field of non-governmental credit. The analysis of both aspects is done from the
point of view of their progress, namely retrospectively on one hand, and from that of the potential
systemic and macroeconomic risks they can cause, on the other. A few years ago they tried to
strengthen non-governmental credit by direct or indirect means, but starting with 2004 and, more
prominently, 2005, the policy of the RNB's decisional authorities rather seemed to head towards
setting barriers to its development. Hence, natural questions arise: "Is non-governmental credit
increase not favorable for the Romanian economy?". "Might its relatively high increase over the
last few years lead to a crisis (credit boom)?". "May non-governmental credit boost in some areas
incur less productive portfolios to banks, profitability decrease or a reduction in the system's
solvability?". Finally, another question could arise: "Is there any connection between the recent
years' expansion of non-governmental credit and current account deficit which seems not only to
have gone bad, but also seriously worsened?"

Keywords: banking system, non- governmental credit, current account

JEL codes: G21, E58, E51