euro and the european banking system: evolutions … · euro and the european banking system:...

This event is an action of the project “Euro and the Banking Integration Process in an Enlarged EU”, Reference

no. 2012-2911/001-001, within the Jean Monnet Life Long Learning Programme - Key Activity 1

INTERNATIONAL CONFERENCE

EURO AND THE EUROPEAN BANKING SYSTEM: EVOLUTIONS AND

CHALLENGES

PROGRAMME

June 4‐6, 2015

IAŞI – ROMANIA



Organizer:

„ALEXANDRU IOAN CUZA” UNIVERSITY OF IAŞI – ROMANIA

FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION

“This conference is organized with the support of the LLP programme of the European Union”

"This project has been funded with support from the European Commission. This publication reflects

the views only of the author, and the Commission cannot be held responsible for any use which may be

made of the information contained therein."

Cover: © Adriana‐Emilia Robu


EURO AND THE EUROPEAN BANKING SYSTEM: EVOLUTIONS AND CHALLENGES



SCIENTIFIC COMMITTEE

Dr. Dinu AIRINEI, „Alexandru Ioan Cuza” University of Iaşi, Romania

Dr. Taoufik BOURAOUI, ESC Rennes School of Business, France

Dr. Dumitru BUCĂTARU, „Alexandru Ioan Cuza” University of Iaşi, Romania

Dr. Silviu CERNA, West University of Timișoara, Romania

Dr. Cristina CIUMAŞ, „Babes‐Bolyai” University, Cluj‐Napoca, Romania

Dr. Vasile COCRIŞ, „Alexandru Ioan Cuza” University of Iaşi, Romania

Dr. Luis COELHO, University of Algarve, Portugal

Dr. Liliana DONATH, West University of Timișoara, Romania

Dr. Dalina DUMITRESCU, Academy of Economic Studies, Bucharest, Romania

Dr. Vasile IŞAN, „Alexandru Ioan Cuza” University of Iaşi, Romania

Dr. Jürgen JERGER, University of Regensburg, Germany

Dr. Mihaela ONOFREI, „Alexandru Ioan Cuza” University of Iaşi, Romania

Dr. Cornel OROS, University of Poitiers, France

Dr. Gabriela PASCARIU, „Alexandru Ioan Cuza” University of Iaşi, Romania

Dr. Jenica POPESCU, University of Craiova, Romania

Dr. Adriana PRODAN, „Alexandru Ioan Cuza” University of Iaşi, Romania

Dr. Maria PRISACARIU, „Alexandru Ioan Cuza” University of Iaşi, Romania

Dr. Constantin ROŞCA, Executive Manager, Economic Sciences Faculties Association of Romania

– AFER

Dr. Elena Cerasela SPĂTARIU, Ovidius University of Constanta, Romania

Dr. Cristi SPULBĂR, University of Craiova, Romania

Dr. Ovidiu STOICA, „Alexandru Ioan Cuza” University of Iaşi, Romania

Dr. Ramona ŢIGĂNAŞU, Centre for European Studies, „Alexandru Ioan Cuza” University of Iaşi,

Romania

Dr. Diane Paula VANCEA, Ovidius University of Constanta, Romania

Dr. Georgeta VINTILĂ, Academy of Economic Studies, Bucharest, Romania

Dr. Adriana ZAIŢ, „Alexandru Ioan Cuza” University of Iaşi, Romania

Dr. Daniela ZĂPODEANU, University of Oradea, Romania

Dr. Angela ROMAN, „Alexandru Ioan Cuza” University of Iaşi, Romania

Dr. Dan CHIRLEŞAN, „Alexandru Ioan Cuza” University of Iaşi, Romania

Dr. Sorin Gabriel ANTON, „Alexandru Ioan Cuza” University of Iaşi, Romania

Dr. Irina BILAN, „Alexandru Ioan Cuza” University of Iaşi, Romania





ORGANIZING COMMITTEE Professor Mihaela ONOFREI, Ph.D.

Associate Professor Angela ROMAN, Ph.D – project manager & conference coordinator

Lecturer Sorin Gabriel ANTON, Ph.D.

Lecturer Irina BILAN, Ph.D.

Research Assistant Valentina Diana RUSU, Ph.D.





LIST OF REVIEWERS

Dr. Alin Marius ANDRIEȘ, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Sorin Gabriel ANTON, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Anișoara APETRI, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Ana‐Maria BERCU, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Irina BILAN, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Taoufik BOURAOUI, ESC Rennes School of Business, France

Dr. Bogdan Sebastian CĂPRARU, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Viorica CHIRILĂ, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Elena CIGU, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Adina DORNEAN, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Cristina DUHNEA, “Ovidius” University of Constanta, Romania

Dr. Bogdan FILIP, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Bogdan FÎRȚESCU, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Sandra GRĂDINARU, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Andreea IACOBUŢĂ, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Mihaela IFRIM, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Iulian IHNATOV, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Sebastian LAZĂR, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Dan LUPU, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Silvia GHIŢĂ‐MITRESCU, “Ovidius” University of Constanta, Romania

Dr. Simona MUTU, Babes‐Bolyai University of Cluj‐Napoca, Romania

Dr. Florin OPREA, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Bogdan PETRIŞOR, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Ada POPESCU, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Bogdan Ioan ROBU, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Angela ROMAN, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Valentina Diana RUSU, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Anca SAVA, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Carmen TODERAȘCU, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Mihaela TOFAN, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Silviu Gabriel URSU, „Alexandru Ioan Cuza” University of Iași, Romania

Dr. Bogdan Gabriel ZUGRAVU, „Alexandru Ioan Cuza” University of Iași, Romania





Conference Venue

„Alexandru Ioan Cuza” University of Iaşi

Faculty of Economics and Business Administration

Lăpuşneanu Street no. 14, Iaşi, Romania

4th and 5th Floors





CONFERENCE SECTIONS

Section I: BANKS, FINANCIAL MARKETS AND MONETARY POLICY

Chairmans: Professor Silviu CERNA

Professor Vasile COCRIŞ

Professor Ovidiu STOICA

Associate Professor Angela ROMAN

Associate Professor Dan CHIRLEŞAN

Associate Professor Valeriu DORNESCU

Associate Professor Bogdan Sebastian CĂPRARU

Associate Professor Cristina DUHNEA

Lecturer Sorin Gabriel ANTON

Lecturer Irina BILAN

Section II: EUROPEAN PUBLIC POLICIES FOR THE BUSINESS ENVIRONMENT

Chairmans: Professor Ovidiu STOICA

Associate Professor Bogdan FÎRȚESCU

Associate Professor Florin OPREA

Associate Professor Bogdan Gabriel ZUGRAVU

Lecturer Irina BILAN

Section III: THE IMPACT OF EUROPEAN INTEGRATION ON CORPORATE AND

ENTREPRENEURIAL FINANCE

Chairmans: Professor Mihaela ONOFREI

Professor Iulia GEORGESCU

Associate Professor Costel ISTRATE

Lecturer Sorin Gabriel ANTON

Section IV: THE EUROPEAN ECONOMIC LEGISLATIVE LANDSCAPE –

CHALLENGES AND PERSPECTIVES

Chairmans: Lecturer Ioana COSTEA

Lecturer Lucia IRINESCU

Lecturer Carmen MIHALACHE

Lecturer Ada POPESCU





PROGRAMME

THURSDAY, 4 JUNE 2015

9:30‐10:30 WELCOME AND REGISTRATION OF THE PARTICIPANTS10:30‐12:00 PLENARY SESSION ‐ CONFERENCE OPENING &

KEYNOTE SPEAKERS 12:00‐14:00 LUNCH – HOTEL GAUDEAMUS 14:00‐16:00 PARALLEL SESSIONS16:00‐16:30 COFFEE BREAK 16.30‐19:00 PARALLEL SESSIONS AND THE CONCLUSIONS OF THE

1ST DAY OF THE CONFERENCE

FRIDAY, 5 JUNE 2015

9:30‐11:00 PARALLEL SESSIONS 11:00‐11:30 COFFEE BREAK11:30‐12.30 PARALLEL SESSIONS 12:30‐14:30 LUNCH – HOTEL GAUDEAMUS14:30‐16:00 PARALLEL SESSIONS AND THE CONCLUSIONS OF THE

2ND DAY OF THE CONFERENCE

SATURDAY, 6 JUNE 2015

10:00‐12:00 STUDENTS ROUND TABLE 12:00‐12:30 COFFEE BREAK 12:30‐14:30 STUDENTS ROUND TABLE 14:30‐15:00 CLOSING SESSION OF THE CONFERENCE





DETAILED PROGRAMME

THURSDAY, 4 JUNE 2015

9:30‐10:30 WELCOME AND REGISTRATION OF THE PARTICIPANTS

10:30‐12:00 PLENARY SESSION ‐ CONFERENCE OPENING ROOM 502

Professor Vasile COCRIŞ, Vice Dean of Faculty of Economics and Business Administration, “Alexandru Ioan Cuza” University of Iasi Professor Ion VOROVENCI, Economic Sciences Faculties Association of Romania – AFER

PLENARY SESSIONS – KEYNOTE SPEAKERS ROOM 502

Professor Silviu CERNA, West University of Timisoara, Faculty of Economics and Business Administration, Romania – "ROMANIA AND THE EURO" Professor Vasile COCRIŞ, “Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration, Romania – “THE EUROSYSTEM AT CROSSROADS: BETWEEN THE BEGINNING OF THE END AND A NEW BEGINNING?”

12:00‐14:00 LUNCH – HOTEL GAUDEAMUS

THURSDAY, 4 JUNE 2015, 14:00‐16:00

PARALLEL SESIONS

ROUND TABLE – “COMMEMORATIVE EVOCATIONS FOR PROFESSORS AUGUSTIN TĂTARU AND DUMITRU RUSU, ECONOMIC SCHOOL FOUNDERS AT ALMA MATER IASSIENSIS”, Room 402

Moderators:

1. Professor Maria PRISACARIU, “Alexandru Ioan Cuza” University of Iasi,





Faculty of Economics and Business Administration, Romania2. Professor Emil HOROMNEA, “Alexandru Ioan Cuza” University of Iasi, Faculty

of Economics and Business Administration, Romania

Special guests:

1. Professor Silviu CERNA, West University of Timisoara, Faculty of Economics and Business Administration, Romania

2. Professor Ion VOROVENCI, Economic Sciences Faculties Association of Romania – AFER

3. Professor Vasile COCRIŞ, “Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration, Romania

4. Professor Iulia GEORGESCU, “Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration, Romania

THURSDAY, 4 JUNE 2015, 14:00‐16:00 PARALLEL SESIONS

SECTION I. BANKS, FINANCIAL MARKETS AND MONETARY POLICY Session Chairs: Associate Professor Angela ROMAN, Ph.D. Associate Professor Bogdan CĂPRARU, Ph.D. Secretary: Ph.D. Student Sabina CAZAN Location: Room 502

1. Vasile COCRIȘ, „Alexandru Ioan Cuza” University of Iasi, Romania Ioana‐Iuliana TOMULEASA, “Alexandru Ioan Cuza” University of Iasi, Romania; University of Auvergne, France

Discussant: Presenter of the paper no. 8

RISK MANAGEMENT AND THE PERFORMANCE OF EUROPEAN FINANCIAL INSTITUTIONS

2. Alina Georgeta AILINCĂ, Centre for Financial and Monetary Research “Victor Slăvescu”, of the “Costin C. Kiriţescu” National Institute for Economic Research, Romanian Academy, Romania


POSITIVE AND NEGATIVE ASPECTS ON EVOLUTION OF LOANS AND DEPOSITS IN ROMANIA

3. Bogdan Florin FILIP, “Alexandru Ioan Cuza” University of Iasi, Romania


DETERMINANTS OF NON‐PERFORMING LOANS IN WESTERN EUROPEAN COUNTRIES





4.Alina HAGIU, University of Piteşti, Romania Marinela BĂRBULESCU, University of Piteşti, Romania Roxana Mădălina POPA, University of Piteşti, Romania


THE INFLUENCE OF THE SWISS FRANC FLUCTUATIONS ON THE ROMANIANS AND THE ROMANIAN ECONOMY

5. Andreia ANDREI, “Alexandru Ioan Cuza” University of Iasi, Romania Adriana ZAIȚ, „Alexandru Ioan Cuza” University of Iasi, Romania Elena‐Madalina VĂTĂMĂNESCU, National University of Political Studies and Public Administration, Romania


YOUTHS' TRUST IN BANKING. AN EXPLORATORY STUDY AMONG ROMANIAN CONSUMERS

6. Mihaela NICOLAU, University of Poitiers, CRIEF, France


THE STUDY OF THE ASSET PRICE CHANNEL IN THE CONTEXT OF A MONETARY UNION

7. Adina CRISTE, “Victor Slăvescu” Centre for Financial and Monetary Research, Romanian Academy, Bucharest


CENTRAL BANKS’ LEVERS IN MANAGING THE FINANCIAL INSTABILITY RISKS ‐ SOME EUROPEAN EXPERIENCES

8. Andreea Nicoleta POPOVICI, “Alexandru Ioan Cuza” University of Iasi, Romania


THE DIFFERENCE OF PRODUCTIVITY BETWEEN SOCIETE GENERALE AND ERSTE GROUP






SECTION II. EUROPEAN PUBLIC POLICIES FOR THE BUSINESS ENVIRONMENT Session Chairs: Professor Ovidiu STOICA, Ph.D. Associate Professor Bogdan Gabriel ZUGRAVU, Ph.D. Secretary: Ph.D. Student Nicușor CĂRĂUȘU Location: Room 407

1. Anca Sofia POPESCU, West University of Timisoara, Romania Felicia Elisabeta RUGEA, West University of Timisoara, Romania


THE ANALYSIS AND ASSESSMENT OF SUSTAINABLE DEVELOPMENT IN THE EUROPEAN UNION

2. Brankica TODOROVIC, School of Economics, Uzice, Serbia


ECONOMIC ASPECTS OF INTEGRATION OF SERBIAN WITH EU COUNTRIES

3. Tudor Gherasim SMIRNA, Bucharest University of Economic Studies, Romania


THE EFFECTS OF NEGATIVE NOMINAL INTEREST RATES ON ECONOMIC INTEGRATION

4. Mihaela CATANĂ, “Titu Maiorescu” University of Bucharest, Romania


THE LABOUR MOBILITY – VECTOR OF DEVELOPMENT IN EUROPE – LEGAL FRAMEWORK

5. Florin‐Alexandru MACSIM, “Alexandru Ioan Cuza” University of Iasi, Romania


WHAT IS FISCAL INTEGRATION? A FUNDAMENTAL APPROACH

6. Olimpia Elena Mihaela OANCEA, University of Pitesti & The Bucharest University of Economic Studies, Romania


THE ROLE OF THE INTEGRATED MARKETING COMMUNICATION MODELS IN THE CONTEXT OF ECONOMIC, FINANCIAL AND MONETARY INTEGRATION

7. Alpar LOSONC, University of Novi Sad, Serbia Andrea IVANISEVIC, University of Novi Sad, SerbiaMladen PERIC, Modern Business School, Belgrade, Serbia


IS ‘DEVELOPMENT‐NETWORK’ STATE POSSIBLE IN EASTERN AND CENTRAL EUROPE?

8. Imen MAHJOUB, Université de Poitiers, Centre EARNINGS MANAGEMENT: A REVIEW





de recherche sur l'intégration économique et financière (CRIEF), France Anthony MILOUDI, Groupe Sup de Co la Rochelle (CRIEF), Université de Poitiers, France


OF LITERATURE

9. Ramona ȚIGĂNAȘU, Centre for European Studies, „Alexandru Ioan Cuza” University of Iasi, Romania


A COMPREHENSIVE APPROACH ON ECONOMIC RESILIENCE FOR A BETTER UNDERSTANDING OF THE EU’S EASTERN PERIPHERALITY

16:00‐16:30 COFFEE BREAK (5th Floor)


SECTION I. BANKS, FINANCIAL MARKETS AND MONETARY POLICY Session Chairs: Associate Professor Valeriu DORNESCU, Ph.D. Lecturer Irina BILAN, Ph.D. Secretary: Ph.D. Valentina‐Diana RUSU Location: Room 502

1. Marius Dan GAVRILETEA, Babeș‐Bolyai University, Cluj‐Napoca, Romania Corneliu BENTE, University of Oradea, Romania


THE ROLE OF SPECIAL CLAUSES WITHIN MOTORS’ INSURANCE CONTRACT

2. Ramona RADU, Bucharest University of Economic Studies, Romania Cosmin‐Octavian CEPOI, Bucharest University of Economic Studies, Romania Alexandru Toma STĂNILĂ, Bucharest University of Economic Studies, Romania


VALUE AT RISK BASED ON INTRA‐DAY DATA FROM BUCHAREST STOCK EXCHANGE

3. Iulian WARTER, “Alexandru Ioan Cuza” University of Iasi, Romania Liviu WARTER, “Alexandru Ioan Cuza” University of Iasi, Romania


IMPLICATIONS OF M&AS FOR BANKING INDUSTRY. FROM CULTURAL FIT TO CULTURAL CLASHES





4. Liviu WARTER, “Alexandru Ioan Cuza” University of Iasi, Romania Iulian WARTER, “Alexandru Ioan Cuza” University of Iasi, Romania


CAN MERGERS AND ACQUISITIONS IMPROVE BANKING INDUSTRY?

5. Adina APĂTĂCHIOAE, “Alexandru Ioan Cuza” University of Iasi, Romania Vasile COCRIȘ, “Alexandru Ioan Cuza” University of Iasi, Romania


FINANCIAL INNOVATIONS, THEIR REGULATIONS AND FINANCIAL CRISES

6. Mihaita‐Cosmin POPOVICI, “Alexandru Ioan Cuza” University of Iasi, Romania


RESHAPING EUROPE`S FINANCIAL SYSTEM: IMPLEMENTATION OF THE BANKING UNION AND FUTURE STEPS

7. Lucie MEIXNEROVÁ, Moravian University College Olomouc, Czech Republic


DEVELOPMENT OF THE CAPITAL MARKET AFTER THE INTRODUCTION OF MIFID IN THE CZECH REPUBLIC AND SLOVENIA

8. Sabina Andreea CAZAN, “Alexandru Ioan Cuza” University of Iasi, Romania Bogdan CĂPRARU, “Alexandru Ioan Cuza” University of Iasi, Romania


THE LENDERS OF THE REAL ESTATE RESIDENTIAL MARKET IN EUROPE

9. Ionuţ Marius CROITORU, Romanian Academy, National Institute for Economic Research “Costin C. Kiriţescu”, Bucharest, Romania


MONETARY POLICY IN THE CONTEXT OF AN ENLARGED EUROPEAN UNION

10. Alina HAGIU, University of Piteşti, Romania Marinela BĂRBULESCU, University of Piteşti, Romania Roxana Mădălina POPA, University of Piteşti, Romania


CAUSES OF THE SWISS FRANC CRISIS

11. Andrei RĂDULESCU, Romanian Academy of Sciences, Bucharest, Romania


ROMANIA – THE WAY TOWARDS THE EURO AREA






SECTION III. THE IMPACT OF EUROPEAN INTEGRATION ON CORPORATE AND ENTREPRENEURIAL FINANCE Session Chairs: Associate Professor Costel ISTRATE, Ph.D. Lecturer Sorin ANTON, Ph.D. Secretary: Ph.D. Anca NUCU Location: Room 407

1. Nicoleta MIHĂILĂ, Centre of Financial and Monetary Research “Victor Slăvescu”, Bucharest, Romania


REDUCTION OF SMES VULNERABILITY BY ADOPTING MEASURES IN TAXATION AREA

2. Iuliia KORNIEIEVA, Institute of International Relations of Taras Shevchenko National University of Kyiv, Ukraine


DIRECTIONS FOR IMPROVING THE FINANCIAL MANAGEMENT IN STATE‐OWNED CORPORATIONS IN UKRAINE

3. Dumitru‐Nicușor CĂRĂUȘU, “Alexandru Ioan Cuza” University of Iasi, Romania


THE LINK BETWEEN EUROPEAN INTEGRATION AND THE CAPITAL STRUCTURE OF LARGE UNLISTED EASTERN EUROPEAN COMPANIES

4. Mirela‐Claudia MIŢAC, ”Ovidius” University of Constanţa, Romania


DEVELOPMENTS IN ENTERPRISES’ ACCESS TO FINANCE ACROSS EURO AREA COUNTRIES AND ROMANIA

5. Marinela BĂRBULESCU, University of Piteşti, Romania Alina HAGIU, University of Piteşti, Romania Radu VASILICĂ, University of Piteşti, Romania


INSOLVENT COMPANY: BANKRUPTCY DIFFICULTIES

6. Inesa TOFĂNICĂ, Romanian Academy Iasi Branch, Doctoral School of Economics and Business Administration „Alexandru Ioan Cuza” University of Iasi, Romania


IFRS ADOPTION IN ROMANIA AND THE IMPACT ON REPORTED DATA

7. Brîndușa Maria BUZILӐ (MOCANU), “Alexandru Ioan Cuza” University of Iasi, Romania


THE IMPACT OF FINANCIAL LIBERALIZATION ON THE FINANCING STRUCTURE OF FIRMS





8. Carmen‐Elena COCA, Tomis University, Constanta, Romania Romeo BOŞNEAGU, Tomis University, Constanta, Romania


FINANCIAL BALANCE IN ECONOMY ‐ROMANIAN CONCEPT

9. COSTEL ISTRATE, „Alexandru Ioan Cuza University” of Iasi, Romania


EVOLUTIONS AND TRENDS IN THE REGULATION OF THE FINANCIAL REPORTING IN EU

10. Mihaela DIACONU, ”Gheorghe Asachi” Technical University of Iasi, Romania


USING OF IPRS AS MECHANISMS FOR MAINTAINING OR INCREASING THE COMPETITIVENESS: RECENT TRENDS IN THE EU FIRMS AND RESEARCH AGENDA


SECTION IV. THE EUROPEAN ECONOMIC LEGISLATIVE LANDSCAPE – CHALLENGES AND PERSPECTIVES Session Chairs: Lecturer Ioana COSTEA, Ph.D. Lecturer Lucia IRINESCU, Ph.D. Secretary: Assistant Professor Dan LUPU, Ph.D. Location: Room 402

1. Lucia IRINESCU, Alexandru Ioan Cuza University of Iasi, Romania


WHY DO WE NEED A COMPETITION POLICY?

2. Ancuța Elena FRANȚ, “Alexandru Ioan Cuza” University of Iasi, Romania


THE ABORTION ISSUE: A MIRROR FOR THE WEAKNESSES OF OUR SOCIAL BEHAVIOR

3. Anca Andreea MANEA, University of Bucharest, Romania


THE CONCEPT AND CHARACTERISTICS OF UNDERGROUND ECONOMIC ACTIVITIES

4. Carmen‐Mariana MIHALACHE, University of Agricultural Sciences and Veterinary Medicine of Iasi, Romania


THE SOCIAL‐ECONOMIC VALENCE OF CIVIL SERVANT’S LIABILITY





5. Diana‐Loredana HOGAS, “Alexandru Ioan Cuza” University of Iasi, Romania


CONSIDERATIONS ABOUT THE PECUNIARY RIGHTS OF THE ARBITRATORS IN INTERNATIONAL ARBITRATION

6. Mirela Carmen DOBRILĂ, „Alexandru Ioan Cuza” University of Iasi, Romania


ELIMINATING DISTRUST BY MODERN APPLICATIONS OF BONA FIDES: OFFENSES AGAINST PROPERTY BY BREACH OF TRUST IN THE NEW ROMANIAN CRIMINAL CODE

7. Mihaela ONOFREI, “Alexandru Ioan Cuza” University of Iasi, Romania Florin OPREA, “Alexandru Ioan Cuza” University of Iasi, Romania Ioana COSTEA, “Alexandru Ioan Cuza” University of Iasi, Romania


ADMINISTRATIVE REGIONALIZATION IN ROMANIA – A FUNCTIONAL PERSPECTIVE

FRIDAY, 5 JUNE 2015, 9:30‐11:00 PARALLEL SESIONS

SECTION I. BANKS, FINANCIAL MARKETS AND MONETARY POLICY Session Chairs: Professor Vasile COCRIS, Ph.D. Lecturer Sorin ANTON, Ph.D. Secretary: Ph.D. Student Florin MAXIM Location: Room 502

1. Simona Elena IAGĂR, Bucharest University of Economic Studies, Romania


REDEFINED BANKING ACTIVITY UNDER EUROPEAN SOVEREIGN DEBT CRISIS

2. Liliana Eva DONATH, West University of Timisoara, Romania Veronica MIHUȚESCU CERNA, West University of Timisoara, Romania Ionela OPREA, West University of Timisoara, Romania


IS THE BANKING UNION CATERING FOR SUSTAINABILITY ORIENTED BANKING SYSTEM?

3. Richard POSPÍŠIL, Palacký University of Olomouc, Czech Republic

THE CENTRAL BANKS MONETARY POLICY AND MONETARY EQUILIBRIUM






4. Victoria COCIUG, Academy of Economic Studies, Chișinău, Republic of Moldova Anastasia BEJAN, Academy of Economic Studies, Chișinău, Republic of Moldova


ASSESSMENT OF THE BANKING MANAGEMENT EFFECTIVENESS IN MAINTAINING THE BANK’S STABILITY

5. Dorina CLICHICI, National Institute for Economic Research, Chișinău, Republic of Moldova


QUALITY OF BANKING SUPERVISION AND ITS DETERMINANTS: THE CASE OF REPUBLIC OF MOLDOVA

6. Silvia GHITA‐MITRESCU, Ovidius University of Constanta, Romania Cristina DUHNEA, Ovidius University of Constanta, Romania


SHADOW BANKING IN ROMANIA. DOES’IT COUNT?


SECTION I. BANKS, FINANCIAL MARKETS AND MONETARY POLICY Session Chairs: Associate Professor Angela ROMAN, Ph.D. Lecturer Irina BILAN, Ph.D. Secretary: Ph.D. Valentina‐Diana RUSU Location: Room 407

1. Dumitru‐Cristian OANEA, Bucharest University of Economic Studies, Romania


INTERCONNECTEDNESS OF FINANCIAL INSTITUTIONS: A POSSIBLE CAUSE FOR SYSTEMIC RISK

2. Victoria COCIUG, Academy of Economic Studies, Chişinău, Republic of Moldova Olga TIMOFEI, National Institute for Economic Research, Chişinău, Republic of Moldova


FACTOR ANALYSIS OF THE MECHANISM OF MONEY CREATION IN THE BANKING SYSTEM OF THE REPUBLIC OF MOLDOVA

3. Irina SAV, Tomis University of Constanta, Romania

THE RECENT CRISIS OF SWISS FRANC LOANS IN THE EUROPEAN COUNTRIES






4. Larisa MISTREAN, Academy of Economic Studies, Chisinau, Moldova


USING CUSTOMER RELATIONSHIP MANAGEMENT TO INCREASE CUSTOMER LOYALTY IN BANKS

5. Oana NIŢU, Ovidius University of Constanta, Romania Claudiu Valentin NIŢU, „Dimitrie Cantemir” University, Bucharest, Romania Cosmin TILEAGĂ, "Lucian Blaga" University, Sibiu, Romania


PEOPLE`S ATTITUDES REGARDING CONSUMPTION AND SAVINGS

6. József TÓTH, Zsigmond Király Főiskola, Budapest, Hungary


THE SINGLE RESOLUTION FUND AND ITS UPLOADING


SECTION IV. THE EUROPEAN ECONOMIC LEGISLATIVE LANDSCAPE – CHALLENGES AND PERSPECTIVES Session Chairs: Lecturer Ada POPESCU, Ph.D. Lecturer Carmen MIHALACHE, Ph.D. Secretary: Ph.D. Student Nicușor CĂRĂUȘU Location: Room 402

1. Ada‐Iuliana POPESCU, “Alexandru Ioan Cuza” University of Iasi, Romania


WHISLEBLOWER PROTECTION IN A CORRUPT PRIVATE SECTOR – A CHALLENGE

2. Monica BUZEA, “Alexandru Ioan Cuza” University of Iasi, Romania


WAYS TO HARMONIZE THE ROMANIAN CRIMINAL LAW WITHIN THE EUROPEAN SYSTEM

3. Ionuț TUDOR, ”Alexandru Ioan Cuza” University of Iasi, Romania


STRICT LIABILITY AND INSURANCE SCHEMES OF COMPENSATION ‐ A STUDY IN COMPARATIVE LAW





4. Rodica PANAINTE, ”Alexandru Ioan Cuza” University of Iasi, Romania


THE NEW ROMANIAN BANKING REGULATION ON SANCTIONING FRAUDULENT CONDUCT IN THE USE OF PAYMENT INSTRUMENTS

5. Mihaela TOFAN, ”Alexandru Ioan Cuza” University of Iasi, Romania


ENFORCEMENT OF TAX CLAIMS. JURISPRUDENTIAL HIGHLIGHTS

6. Sandra GRADINARU, ”Alexandru Ioan Cuza” University of Iasi, Romania


LIABILITY OF THE PUBLIC SERVANT IN AN EUROPEAN CONTEXT

11:00‐11:30 COFFEE BREAK (5th Floor)

FRIDAY, 5 JUNE 2015, 11:30‐12:30

PARALLEL SESIONS

SECTION I. BANKS, FINANCIAL MARKETS AND MONETARY POLICY Session Chairs: Associate Professor Cristina DUHNEA, Ph.D. Associate Professor Bogdan CĂPRARU, Ph.D. Secretary: Lecturer Carmen TODERAȘCU, Ph.D. Location: Room 502

1. Victoria COCIUG, Academy of Economic Studies, Chișinău, Republic of Moldova Alesea ANDRONIC, Academy of Economic Studies, Chișinău, Republic of Moldova


THE EFFECTS OF A CREDIT BUREAU IN THE ECONOMY – THE CASE OF THE REPUBLIC OF MOLDOVA

2. Dan LUPU, ”Alexandru Ioan Cuza” University of Iasi, Romania


MODELING INFLATION IN ROMANIA: A MARKOV SWITCHING APPROACH

3. Galina ULIAN, Moldova State University, Chisinau, Republic of Moldova Lucia CASTRAVEŢ, Moldova State University, Chisinau, Republic of Moldova Silvestru MAXIMILIAN, Moldova State University, Chisinau, Republic of Moldova

THE DEPENDENCE OF THE EXCHANGE RATE ON THE COST OF ENERGY RESOURCES






4. Mihaela TOFAN, ”Alexandru Ioan Cuza” University of Iasi, Romania


PRESENT ACTIONS TO IDENTIFY THE OPTIMAL EU BANKING REGULATION

5. Marius George TASCA, BRD Groupe Societe Generale, Iasi, Romania


THE MAJOR RISKS IN IMPLEMENTING NEW BANKING PRODUCTS

6. Bogdan FîRTESCU, ”Alexandru Ioan Cuza” University of Iasi, Romania


INFLUENCE OF SOME INSURANCE MARKET FIGURES ON GDP


SECTION II. EUROPEAN PUBLIC POLICIES FOR THE BUSINESS ENVIRONMENT Session Chairs: Professor Ovidiu STOICA, Ph.D. Associate Professor Bogdan ZUGRAVU, Ph.D. Secretary: Lecturer Elena CIGU, Ph.D. Location: Room 402

1. Irena MUNTEANU, Ovidius University, Constanta, Romania Dana Elena HOLBAN, Dunarea de Jos University, Galati, Romania


ELECTRIC ENERGY MARKET IN THE EUROPEAN UNION ‐ CHALLANGES AND PERSPECTIVES

2. Adina DORNEAN, ”Alexandru Ioan Cuza” University of Iasi, Romania Dumitru‐Cristian OANEA, Bucharest University of Economic Studies, Romania


THE CAUSAL RELATIONSHIP BETWEEN FISCAL POLICY AND ECONOMIC GROWTH: EVIDENCE FROM EMU COUNTRIES

3. Natalia BRANASCO, State University “Alecu Russo” from Balti, Republic of Moldova


EVALUATION OF THE ECONOMIC EFFECTS OF REMITTANCES: CASE STUDY REPUBLIC OF MOLDOVA

4. Dragos Ovidiu TOFAN, ”Alexandru Ioan Cuza” University of Iasi, Romania

BUSSINES INTELLIGENCE TOOLS – PRACTICAL ASPECTS ON





Discussant: Presenter of the paper no. 3 IMPLEMENTATION IN EUROPEAN ORGANIZATIONS

5. Carmen SANDU (căs. TODERAȘCU), ”Alexandru Ioan Cuza” University of Iasi, Romania


THE CONTEMPORARY COMPETITIVENESS AND ITS MAIN DETERMINANTS

6. Bogdan‐Gabriel ZUGRAVU, ”Alexandru Ioan Cuza” University of Iasi, Romania Anca‐Ștefania SAVA, ”Alexandru Ioan Cuza” University of Iasi, Romania


R&D TAX INCENTIVES DESIGN: INTERNATIONAL PRACTICES AND LESSONS FOR ROMANIA

7. Irina BILAN, ”Alexandru Ioan Cuza” University of Iasi, Romania Elena CIGU, ”Alexandru Ioan Cuza” University of Iasi, Romania


LOCAL FINANCIAL AUTONOMY AND LOCAL ECONOMIC GROWTH ‐ AN EMPIRICAL ANALYSIS FOR ROMANIAN COUNTIES


SECTION III. THE IMPACT OF EUROPEAN INTEGRATION ON CORPORATE AND ENTREPRENEURIAL FINANCE Session Chairs: Professor Mihaela ONOFREI, Ph.D. Professor Iulia GEORGESCU, Ph.D. Secretary: Ph.D. Student Nicușor CĂRĂUȘU Location: Room 407

1. Daniela POPA, Tomis University of Constanta, Romania


QUALITY MANAGEMENT SYSTEM

2. Angela ROMAN, ”Alexandru Ioan Cuza” University of Iasi, Romania Mihaela ONOFREI, ”Alexandru Ioan Cuza” University of Iasi, Romania


CONSTRAINTS IN BANK LENDING TO SMES IN THE EUROPEAN UNION AND MITIGATING MEASURES

3. Oana NIŢU, Ovidius University of Constanta, Romania

PEOPLE`S ATTITUDES REGARDING CONSUMPTION AND SAVINGS





Claudiu Valentin NIŢU, „Dimitrie Cantemir” University, Bucharest, Romania Cosmin TILEAGĂ, "Lucian Blaga" University, Sibiu, Romania


4. Dumitru BUCĂTARU, ”Alexandru Ioan Cuza” University of Iasi, Romania


INVESTMENT OPPORTUNITIES IN THE CONTEMPORARY ROMANIAN ENVIRONMENT

5. Lilia DUMBRAVANU, Alecu Russo Balti State University, Republic of Moldova


TERM FINANCING OF NATIONAL ENTERPRISES BASED ON TECHNIQUES OF INTERNATIONAL FINANCING

6. Mihaela Brîndușa TUDOSE, “Gheorghe Asachi” Technical University, Iasi, Romania Valentina Diana RUSU, ”Alexandru Ioan Cuza” University of Iasi, Romania


RISK MANAGEMENT AND THE FIRM’S VALUE

7. Ciprian APOSTOL, ”Alexandru Ioan Cuza” University of Iasi, Romania


CORPORATE SOCIAL RESPONSABILITY IN ROMANIA BETWEEN DECLARATION AND IMPLEMENTATION

8. Mihaela ONOFREI, ”Alexandru Ioan Cuza” University of Iasi, Romania Florin OPREA, ”Alexandru Ioan Cuza” University of Iasi, Romania Sorin Gabriel ANTON, ”Alexandru Ioan Cuza” University of Iasi, Romania


COMPARATIVE ANALYSIS OF THE IMPLEMENTATION OF THE CORPORATE GOVERNANCE PRINCIPLES IN THE CENTRAL AND EAST EUROPEAN COUNTRIES

9. Ana‐Maria BERCU, ”Alexandru Ioan Cuza” University of Iasi, Romania


PERFORMANCE AND PROMOTION OF FIRM’S EMPLOYEES. AN EMPIRICAL RESEARCH

12:30‐14:30 LUNCH – HOTEL GAUDEAMUS






SECTION I. BANKS, FINANCIAL MARKETS AND MONETARY POLICY Session Chairs: Associate Professor Valeriu DORNESCU, Ph.D. Associate Professor Dan CHIRLEȘAN, Ph.D Secretary: Lecturer Bogdan PETRIȘOR, Ph.D. Location: Room 402

1. Dan CHIRLEŞAN, „Alexandru Ioan Cuza” University of Iasi, Romania


THE ECONOMIC CYCLE, CAUSE OF THE

GENERALIZED LIQUIDITY DISORDER

2. Dalina DUMITRESCU, Bucharest University of Economic Studies, Romania Liliana SIMIONESCU, Bucharest University of Economic Studies, Romania


TOWARD INVESTIGATING THE CORPORATE SOCIAL RESPONSIBILITY (CSR) ACTIVITIES IN THE BANKING INDUSTRY FROM ROMANIA

3. Victoria POSTOLACHE (DOGOTARI), Alecu Russo Balti State University, Republic of Moldova


THE ROLE OF FINANCIAL INNOVATIONS IN DEVELOPMENT OF SHADOW BANKING

4. Alin Marius ANDRIEȘ, “Alexandru Ioan Cuza” University of Iasi, Romania Andreas FISCHER, Swiss National Bank and CEPR, Switzerland Pinar YESIN, Swiss National Bank, Switzerland


THE IMPACT OF INTERNATIONAL SWAP LINES ON STOCK RETURNS OF BANKS IN EMERGING MARKETS

5. Mihaela BRODOCIANU, “Alexandru Ioan Cuza” University of Iasi, Romania Ovidiu STOICA, “Alexandru Ioan Cuza” University of Iasi, Romania


INSTITUTIONAL INVESTORS AND THEIR ROLE IN DEVELOPING THE EUROPEAN FINANCIAL MARKETS. A SURVEY

6. Angela ROMAN, “Alexandru Ioan Cuza” University of Iasi, Romania


THE IMPACT OF ECB'S MONETARY POLICY ON BANKING STABILITY IN THE EURO AREA






SECTION II. EUROPEAN PUBLIC POLICIES FOR THE BUSINESS ENVIRONMENT Session Chairs: Associate Professor Florin OPREA, Ph.D. Associate Professor Bogdan FÎRȚESCU, Ph.D. Secretary: Ph.D. Anca NUCU Location: Room 407

1. Valentina Diana RUSU, “Alexandru Ioan Cuza” University of Iasi, Romania Mihaela Brîndușa TUDOSE, “Gheorghe Asachi” Technical University, Iasi, Romania


BENCHMARKS FOR THE INTERNATIONAL COMPETITIVENESS OF ROMANIA

2. Veronica GARBUZ, National Institute for Economic Research, Chisinau, Republic of Moldova Ana‐Maria BERCU, “Alexandru Ioan Cuza” University of Iasi, Romania


YOUTH EUROPEAN PUBLIC POLICY ON EMPLOYMENT AND ENTREPRENEURSHIP

3. Alina NUTA, Danubius University, Galati, Romania Alexandra IVAN, Danubius University, Galati, Romania


ANALYSIS OF THE POPULATION AGEING IMPLICATIONS ON FISCAL POLICY IN SOME COUNTRIES OF CENTRAL AND EASTERN EU

4. George IVĂNESCU, “Alexandru Ioan Cuza” University of Iasi, Romania Florin‐Alexandru MACSIM, “Alexandru Ioan Cuza” University of Iasi, Romania Dumitru‐Nicușor CĂRĂUȘU, “Alexandru Ioan Cuza” University of Iasi, Romania


KEY PROBLEMS OF FISCAL AUTONOMY: EVIDENCE FROM ROMANIA

5. Sorin ANTON, “Alexandru Ioan Cuza” University of Iasi, Romania Anca Elena NUCU, “Alexandru Ioan Cuza” University of Iasi, Romania


AN ANALYSIS OF FINANCIAL ASSISTANCE PROVIDED BY MULTILATERAL DEVELOPMENT BANKS TO CEE COUNTRIES

6. Irina BILAN, “Alexandru Ioan Cuza” THE SUSTAINABILITY OF PENSION





University of Iasi, Romania


SCHEMES IN CENTRAL AND EASTERN EUROPEAN COUNTRIES

7. Valerică GREAVU‐ȘERBAN, “Alexandru Ioan Cuza” University of Iasi, Romania


DIFFERENCES BETWEEN ON PREMISES AND ON CLOUD USER ADOPTION

SATURDAY, 6 JUNE 2015

10:00‐12:00 STUDENTS ROUND TABLE – Room C810

Moderators:

1. Associate Professor Angela ROMAN, “Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration, Romania

2. Lecturer Irina BILAN, “Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration, Romania

3. Lecturer Sorin Gabriel ANTON, “Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration, Romania

12:00‐12:30 COFFEE BREAK

12:30‐14:30 STUDENTS ROUND TABLE

14:30‐15:00 CLOSING SESSION OF THE CONFERENCE Importantremarksforthepresenters!

For each section of the conference are allocated 15 minutes per paper, as follows:

10 minutes for the paper presentation;

5 minutes for the discussant presentation, questions and answers.

euro and the european banking system: evolutions … · euro and the european banking system:...

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