Switching the angle of concern from the most usual one, our paper focuses rather on the “external” effects of the economic activities. It aims at reconsidering the useful effects of productive activities by applying specific reinterpretation of usual data, having in mind the general...

Corporate governance has been an important issue in the economic literature of the last decades, a strong corporate governance framework being extremely important in order to increase the confidence of the stakeholders. Also, the transition economies are an important issue of research,...

In the context of the financial innovation of the last few decades, when we were faced with an important diversification of the financial instruments used on the capital markets, the ETFs are revolutionary financial products with a strong impact on the global investment environment. The unique...

During the last few decades, mutual funds have passed through a period of significant development regarding the managed assets volume and number of funds, as well as regarding the investment strategies and financial instruments used. The present paper wants to analyze the main evolutions on the...

The beginning of the world economic crisis and the decrease in the financial intermediaries profits (both banks and insurance companies), made intermediaries rethink their offer in such a way as to obtain favourable results. In this context, bancassurance activity got a boost, being stimulated...

On the subject of financial globalization a lot of literature has been written, annalyzing all sorts of effects it had. Still, the changes induced by globalization at the level of the financial markets are not always clear. The veritable flooding of capitals, constantly moving, created a...

Globalization of financial markets and growing competition amid investment banks were the main stimuli for financial innovation. This paper aims to present the main implications of financial innovation. As most papers on this subject mainly cover the US market, the current paper distinguishes...

The paper aims the analysis the investment strategies adopted by the private pension funds in OECD countries and the relation between the level of development of the financial system and the impact pension funds have on the capital market in these countries. On the short term, in the countries...