EIRP Proceedings, Vol 14, No 1 (2019)

Abstract

Although present in the banking business for several years, ROBOR has recently become a much discussed and disputed problem in the Romanian economic life. Even if - just recently, after many disputes, it was replaced, we try to clear the situation. What is and what is the use of this banking tool that influences financial activity and influences the lives of many of us? This paper intends to clarify – at least partly – the importance and the main aspects of this banking instruments that lately became a true ,,thumbscrew,, for the Romanian financial system. Thus, this research is meant to be an eseistic approach of this controversial matter, which has much influenced the economical and social scene in our country. The study reffers to the functioning mechanism ROBID-ROBOR, to the reasons of which the interest rates are related to ROBOR, and tries to answer to the question like - what are the factors that influence the evolution of ROBOR, and how this bank index influences bank rates. Our study is addressing both to specialists, and also to the students and researchers which might be interested in this matter. It is a quantitative and qualitative approach of the subject meant to be useful for anyone would read it.