The objective of future Basel III regulations is to improve the capacity of the banking sector to absorb economic and financial shocks, from whatever source, while reducing the risk of contagion in the financial sector to the real economy. One of the main reasons that the economic and financial...

One of the concerns in portfolio management is to anticipate market evolution, generally given by a stock index. The market value of a stock is connected to the trends of the index; each security follows, more or less, the index trend line. This relationship between the return on a financial...

The Eurosystem in an active factor in consolidating the measures which contribute to the financial stability of both the euro area and the European Union, generally, and it has become more and more necessary due to the ever stronger tendency towards integrating and developing the financial...

Tax evasion, special component of the underground economy is an economic and social phenomenon whose size has grown in all countries. Tax evasion and has appeared with the state and tax laws. Its cover area is extended to all taxes. It actually aims to minimize taxation through the use of...

This study investigates the presence on Bucharest Stock Exchange of one of the most documented seasonal anomalies of financial assets’ returns: the day-of-the-week effect. We use daily returns for five Romanian official exchange indices and for one MSCI Barra country index during May...