IMPROVEMENT OF FINANCIAL RELATIONSHIPS WITHIN THE ROMANIAN RURAL AREA

Abstract

The level of the transactions of financial assets and the improvement of the financial intermediation relationships have a special importance for the mobilization of the financial resources available at a given time and their efficient use in economic activities. In the absence of some efficient financial transfers, the enterprises of any kind, agricultural exploitations, individuals that make up the capital demand may find themselves in the position of not being able to procure the required financial capital, eventually, only with bigger costs. Also, a sub-developed, inefficient financial system has negative effects also over legal persons and individuals that cannot fructify appropriately their savings or temporary available funds, resulted from seasonal collections (frequent case related to agricultural exploitations). Taking into account the above mentioned, we can certainly state that the economic and financial development cannot reach high performances without an efficient system of mobilization and allotment of capitals in the economy. The productivity and, implicitly, the living level decrease a lot, where the financial markets do not operate efficiently, fast and with low costs. These are the arguments that justify partially the weak development of economic and social activities from the rural space.