Banking Deposits of Population. Characteristics in Romania

  • Gheorghe Moroşan Ștefan cel Mare University of Suceava, Romania
DOI: https://doi.org/10.18662/lumproc/ncoe4.0.2020/16
Keywords: savings, bank deposits, interest, banks, time deposits, overnight

Abstract

Starting with the classical theories regarding the economic growth and until now, the accumulation of capital has been given an important role. Along with technological progress and specialization of the labour force, saving is considered a source of economic growth. This paper aims at analysing the savings of the population placed in bank deposits during the period between 2015 and 2019 in Romania. The study focuses on analysing the dynamics of deposit volume and virtually anyone who saves and then invests (in our case investments in bank deposits) expects to obtain an income, a certain yield, a reasonable return. Comparing the interest rates on bank deposits with the inflation rate but also with other interest rates, we want to determine how profitable these investments are for the population. This study examines whether the level of interests on bank deposits placed by individuals in Romania is attractive enough to stimulate savings, given that the country needs capital for development.

 

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Published
2020-08-11
How to Cite
Moroşan, G. (2020). Banking Deposits of Population. Characteristics in Romania. LUMEN Proceedings, 13, 171-181. https://doi.org/10.18662/lumproc/ncoe4.0.2020/16
Issue
Vol 13 (2020): 16th Economic International Conference NCOE 4.0 2020
Section
Accounting-finances

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