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Strategies Adopted by Romanian Banks to Reduce the Payment Incidents

Author

Listed:
  • Oana BĂRBULESCU SEITAN

    (Transilvania University of Braşov, Romania)

  • Cristina BALTEANU

    (Babeş–Bolyai University of Cluj–Napoca, Romania)

Abstract
In the past few years, the lack of the market liquidity generated some difficulties in the process of recovering the claims from the partners. This has determined the banks to find solutions with which to protect their clients against the financial imbalances of their partners, imbalances that otherwise would directly affect their own business. However, the permanent changes of the banking regulations led to a continuous diversification of the relations between the bank and its customers. In this context, during January-February 2013, it was drawn up a qualitative marketing research, its main objective consisting in identifying and analyzing the main measures taken by banks to reduce the number and the value of payment incidents generated by the use of debt instruments. The study also considered the outline of potential measures that can be taken for adapting the regulations in the field to the needs of the Romanian business environment.

Suggested Citation

  • Oana BĂRBULESCU SEITAN & Cristina BALTEANU, 2013. "Strategies Adopted by Romanian Banks to Reduce the Payment Incidents," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 35-44.
    • Handle: RePEc:ddj:fseeai:y:2013:i:1:p:35-44
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    More about this item

    Keywords

    Payment incident; Bank; Check; Promissory note; Marketing research;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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