Banking Systems in Romania and Iceland: Two Different Worlds but Similar Development

Abstract

Abstract. The novelty of this article is the comparative analysis of the Romanian and (1999( -20061998. Before privatization, banks in both countries lacked experience in a new banking "arena". The global financial crisis greatly affected the two banking systems. Despite similarities, the evolution of the two banking systems was also marked by differences, notably the ownership origin of banks after privatization (foreign dominance in Romania; domestic owners in Iceland) and different business models developed by banks in the pre-crisis period.

Analyzing the Impacts of Restructuring on the Turkish State-Owned Banks

“…According to this opinion the private sector alone cannot provide the capital adequacy to reach the desired level of industrialization in the national economy, and the state should take place more effectively to achieve the economic goals and to implement the economic policy was advocated. In this regard there are similitudes with other countries [Baicu, 2017].…”