[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/vrs/suvges/v25y2015i4p11-24n2.html
   My bibliography  Save this article

Appreciation of the Swiss Franc and its Impact on Romania and other Central and Eastern European Countries

Author

Listed:
  • David Delia

    (PhD Faculty of Economic Science, Western University of Vasile Goldis, Arad)

  • Rai Shailendra Kumar

    (PhD Management Development Institute, Guragaon, India)

  • Paiusan Luminita

    (PhD Faculty of Economic Science, Western University of Vasile Goldis, Arad)

Abstract
The decision of the Swiss National Bank of giving up the fixed rate of 1,2 Euro/CHF on the 15th of January 2015, a rate established at its admission to the Monetary Economic Union, had consequences on Central and Eastern European countries because a great part of the credits granted were in Swiss francs. In all these countries, the national currencies depreciated and the financial market rates were reduced. Regional banks started to face difficulties regarding the management of the situation and were under the necessity of finding solutions to avoid the risk of not recovering the granted credits. The issue of the Swiss franc appreciation was treated differently by the analysed countries and took into consideration the particularities characteristic to the credits granted in this currency. The present paper aims at emphasising the impact of the Swiss franc appreciation on the Romanian banking system but also the approach of other countries in Central and Eastern Europe in this respect.

Suggested Citation

  • David Delia & Rai Shailendra Kumar & Paiusan Luminita, 2015. "Appreciation of the Swiss Franc and its Impact on Romania and other Central and Eastern European Countries," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 25(4), pages 11-24, November.
    • Handle: RePEc:vrs:suvges:v:25:y:2015:i:4:p:11-24:n:2
    DOI: 10.1515/sues-2015-0024
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/sues-2015-0024
    Download Restriction: no
    File URL: https://libkey.io/10.1515/sues-2015-0024?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:suvges:v:25:y:2015:i:4:p:11-24:n:2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.