Adopting the single currency is a fundamental moment in the process of completing the single market. The substitution of national currencies with the euro has allowed removing uncertainty due to fluctuations of exchange rates, the last obstacle to a full freedom of exchange. Maintaining price...

The theory of credibility (George Tavlas) pursues a neoclassical approach, ignoring the demand side. If aggregate offer is the subject of asymmetric shocks, it can no longer be possible to assert the superiority of the fixed rule to discretion, so that giving up currency and currency...

This paper presents a view over recent developments in the underlying infrastructure of the financial system, more specifically electronic trading and how computers have taken over classic trading mechanisms. While some of the benefits are easy to agree upon, evidence shows that technical...

This paper aims at providing insight into the mechanics of an initial public offering, for both companies prospecting the choice of financing themselves on the market as well as investors looking to build their portfolio. The study shows that for certain applications, getting finance through an...

Euro single currency was often used as an excuse to justify the worsening economic situation in some member countries, the European Central Bank being attacked several times; but we must not forget that for over 8/9 years euro gained against the dollar struggle, being the most used banknote in...

In this study we shall try to elaborate a comparative analysis regarding the policies of the process of banking denationalization used in five Central and South Eastern Europe (CSEE) countries (Poland, Slovakia, Hungary, Romania and Bulgaria) during the transition period, as they had a great...

The European integration process continues to amaze both its supporters and critics, this recording a too fast rhythm for some states and too slow for others. This process of integration becomes very important for the 500 million people directly involved but also because Europe accounts for a...