Revista OEconomica

Tudor Constantin BĂLAN - Cycles of Freedom: Are Our Rights Today Permanently Secured, or Are We in a Transitional Phase? The Cases of Great Britain, the United States, and Russia

Marius-Cristian PANĂ, Adela BĂLAN - Economic Freedom and Prosperity: A Comparative Analysis of Welfare Determinants at the International Level

Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Ivona STOICA

Universitatea Creştină "Dimitrie Cantemir"

The paper provides a panoramic view of Romanian consumers’ behaviour as revealed by some credit market patterns. The proposed analysis gives a broad account of the relationiships between macroeconomic data and microeconomic consumer behaviour in a critical bank loans market, displaying a prominent role in the internal economic crisis (partially induced from abroad by transnational credit vehicles), as well in the proposed routes for re-launching the domestic economic growth. This research addresses some determinants of the consumption credits denominated in foreign currency, following a territorial survey and highlighting peculiarities of the leu / euro bi-monetary credit system: i.e. possible substitution effects between domestic and foreign currency and the basic rule that loans have to be contracted in borrower’s income currency. The data on which this study relies on are based on recent reports issued by the National Bank of Romania regarding the territorial structure of credit instruments in our country.

ŒCONOMICA no. 1/2015

Keywords: consumption credit, consumer behaviour, macroeconomics, quantitative analysis

JEL: E20, G21, M31, R20

Regional Patterns of Consumption Credit in Foreign Currency: A Quantitative Analysis of Consumer Behaviour in Romania [Pattern-uri regionale ale creditului de consum în valută: o analiză cantitativă a comportamentului consumatorilor în România]

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