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European monetary integration – challenges for the Romanian banking system
(Ukrainian Academy of Banking of the National Bank of Ukraine, 2008) Stoica, O.; Căpraru, B.
The European monetary integration and the adoption of a single currency will have profound implications on the Romanian banking system, both in the period before and in the period after the adoption. Among the main consequences of adopting the euro as the national currency on the Romanian banking system, analyzed in the paper, we highlight: the alignment of the interest rates, commissions and banking charges with those in the euro area countries as a result both of a greater transparency and an increasing competition on the bank market; better bank products and services; mutations in the National Bank of Romania’s monetary policy, in the banking legislative and regulations system; the transformations in the payment systems and in the bank credit policies and the credit boom, both in retail and corporate banking. The main trends in the Romanian banking system are analyzed in connection with the evolution in other Central and Eastern European сountries, and in the euro area countries. In the proposed study we use the “Structure- Conduct-Performance Hypothesis” (SCP) and the “Efficient Structure Hypothesis” (ESH) for evaluating the impact of competition on the evolution of the price of Romanian bank’s products and services.