Informational efficiency of capital markets has been the subject of numerous empirical studies. Intensive research of the field is justified by the important implications of the knowledge of the of informational efficiency level in the financial practice. Empirical studies that have tested the...

The transition from a payment system on paper support to an electronic one in Romania was determined, on the one hand, by the development of the financial markets and the significant increase of the activity performed by means of payment systems, and on the other hand, by the need to move to a...