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...

Recent international financial crisis has highlighted the crucial importance of financial stability and showed clearly that ensuring price stability as an objective of monetary policy is a necessary but not a sufficient condition to ensure financial stability. In this context, there have been...

This scientific approach intends to make an impact analysis which, using the quantitative methods, quantifies the effects generated by the elements that constitute open markets (trade freedom, investment freedom and financial freedom) on FDI. Knowing these effects allows to subsequently adopt...

This paper estimates the potential output in Romania using seven structural VAR models. During the period of economic boom the potential GDP growth in Romania was around 6.5 %. The severe economic crisis that started in the last quarter of 2008 generated a significant reduction of the potential...

This paper aims to investigate the impact of the global financial crisis on the young Romanian market of derivative securities. It also describes the recent developments within Romanian capital market, in general, with focus on innovation in the field of derivative products.

This article presents an exhaustive analysis of the normal distribution assumption in terms of emerging capital markets. The accuracy of such assumptions is fundamentally contested by the results of empirical analysis. In addition, this paper is also a conceptual debate between classical theory...

The paper intends to identify elements which nowadays naturally bind the Romanian capital market to external financial circuits and to evaluate the dynamics of these one into a world of multiple conditionings in which the juxtaposition of influences may generate the intensification or disruption...

The development of a long lasting relationship between banks and firms requires greater cooperation between the two parties, which must be based on transparency, availability of the right quantitative and qualitative information, the correct and complete use of these information by banks, in...

The crisis has strongly influenced the funding policies in Italian banks, pushing them to raise their stock of time deposits, an attractive product for retail customers in terms of low issuer risk and no market risk

In 2011, Italian businesses and households have faced the Sovereign debt crisis, but savings confirmed its resilience. Since the beginning of the crisis, Italian households’ propensity to save has fallen nearly 1.8 percentage points, although Italy continues to rank above most other...