Theoretical and Applied Economics
No. 1 / 2023 (634), Spring
The impact of Covid-19 payment moratoria on the Romanian banking system
Bucharest University of Economic Studies, Romania
Abstract. This paper shows the impact of the payment moratoria on the Romanian banking system in the first months after the outbreak of the Covid-19 pandemic. In the first part, which presents the synthesis of specialized literature on moratoria, it is described how the pandemic affected the population and the authorities, as well as the banking prudential regulatory measures introduced to reduce the economic effects that threatened the very financial stability of the state. The work continues, in the second part, with a presentation of the data regarding the results of the application of this measure and the impact on the banking sector in Romania. The results suggest that the moratorium tends to be used by companies that were already struggling to meet their obligations to creditors, which led to an increase in the rate of non-performing loans after the grace period expired. They also show that such measures are not viewed with good eyes by the banking sector, as they increase the uncertainty weighing on it.
Keywords: payment moratoria, Covid-19, non-performing exposures, forborne exposures.
Contents
- Obstacles to innovation and policy implications:
exploring the case of Romanian firms
Mihaela DIACONU
- Adjusting the 5C pentagon for better health policymaking:
observing the leading behavioural risks factors
(diet, smoking, and alcohol consumption)
Ioana Teodora BIŢOIU
Cristina Elena NICOLESCU
- Incentivizing CEOs via pay and forced turnover:
Do tenure and managerial ability matter?
Nadide BANU OLCAY GÜNER
- Forecasting the Romanian inflation rate: An Autoregressive
Integrated Moving-Average (ARIMA) approach
Rareș-Petru MIHALACHE
Dumitru Alexandru BODISLAV
- The effects of geopolitical risks on tourism revenues
of the Middle East and Asian countries
Ismet GOCER
Peter KOVACS
- The potential of macroeconomic forces and ICT
in affecting the sectorial growth: ARDL approach
in the context of East Asian countries
Sadik Aden DIRIR
- Validity of asset pricing models in Istanbul Stock Exchange
(ISE) information technology index
Akin ARDA
Arif SALDANLI
Sümeyra UZUN
- Dynamic relationship between external debt
and unemployment in Sub-Saharan Africa
Samuel Erasmus ALNAA
Juabin MATEY
- An analysis of factors influencing empowerment
of rural women through Deendayal Antyodaya Yojana –
National Rural Livelihood Mission (SGSY)
Ravi Kumar GUPTA
Udit MAHESHWARI
Debendra Nath DAS
- The impact of Covid-19 payment moratoria
on the Romanian banking system
Eugen-Marian VIERESCU
- Uncertainty and monetary policy during the Covid-19 pandemic
in Tunisia: Evidence from a Bayesian VAR
Dorra TURKI
Foued Badr GABSI
- Research on the evolution of migration in Romania
after the fall of the communist regime
Ioana Manuela MÎNDRICAN
Elena Florentina MATEI
- Black Sea and East Mediterranean
approach on sustainable development
Elena-Iulia CHITA
Silvia DUMITRESCU-POPA
- An economic analysis of trade war and deglobalization
in current international relations
within the paradigm of globalization
Altaf Hussain PADDER
- Financial difficulties and economic recession:
Evidence from Canadian seniors
Samir AMINE
Wilner PREDELUS
- Inflation targeting and exchange rate pass-through in India:
Lessons from international experience
Arshid Hussain PEER
Mirza Allim BAIG
- The circular economics of constructions
Rareș-Mihai NIȚU
- Market mood index and stock market.
Evidence from National Stock Exchange
Neha SETH
Yogesh KUMAR
- Analysis of the effects of social and fiscal policy
on incomes during the COVID-19 pandemic in Romania
Eva MILITARU
Amalia CRISTESCU
Silvana BOBÂRNAT