CRISIS TRANSMISSION AND EFFECTS ON FINANCIAL SYSTEM.EVIDENCE FROM ROMANIA
This paper aims to highlight some channels of crisis transmission as identified by economic literature and try to estimate which are the variables that count most using an econometric equation. In order to analyze this, we use tables, graphical interpretation and regression equation based on Thorston Beck IMF Database. The development of the financial sector is difficult to measure, but we take into discussion quantitative development of the financial sector, using indicators such as: exports and imports as annual percentage change; the lending rate; domestic credit as a share of GDP in percentage change (end-year) as a measure for the size of the financial sector, data used from EBRD Database. We found that transmission channels on GDP were (in order of importance) exports and deposit rates.
With the use of data and concrete examples, such as ::: a mini-case study, and a focus on the top 20 global players, this ::: thesis aims at tackling Capex issues in the telecom industry by ::: covering: – Uses, levels, inefficiencies in Capex management, ::: notably via insider perspective, and their impacts on capital ::: allocation; – Financing of Capex via debt and the recent ::: development of asset monetization; – Specific trends (NSA, VNOs) ::: and M&A in the telecom industry and their impacts on Capex, via ::: the case study of the French SFR-Numericable ::: transaction.