In the last decades, financial innovation has been in the fore front of all the major changes which have affected the financial system, both at national and international level. Thus, the research of this subject has become a major field of research, its importance growing since the start of the...

The current financial crisis imposed farms intervetions of the state and banking authorities especially in economically deve-loped areas. Difficulties of american finan-cial system were moved rapidly around the world, most affected was euro area whose banking system is closely related to the...

In this article we attempt to set a starting point for a more comprehensive analysis of systemic risk as the primary ingredient to understand financial crises and as the main rationale for financial regulation, prudential supervision and crisis management. The author try to explain why the...

Basel Committee issued on December 16, 2010 text Basel III standards framework, which reports on worldwide regulations for capital adequacy and bank liquidity. It is estimated that the rules will help achieve financial stability and promoting economic growth. Combined with a framework of global...

World economic crisis affects both financial markets from România, and its macroeconomic perspective, but the analists consider that 2010 will be characterized through substantial reduction of the economical growth and financial markets waisting. Throughout out this paper we intend to...

The performance of the Romanian banking industry represents a true picture of the macro-economic climate, and at the same time it sets the position of the Romanian banking system in the context of current European financial trends. This paper aims at presenting the trajectory of Romanian banks...

From individual investors to corporations and financial firms, derivatives have been used to hedge against, or speculation, changes in prices, rates, indexes, potential defaults on debts. Without any oversight, derivatives market and especially OTC derivatives rapidly became out of control...

The paper makes an analysis of the relation between International Monetary Fund and Romania during the financial crisis started in 2007 and the effects and the results of the economic and fiscal policy in Romania due to the involvment of the IMF and the internal political decision.

Romanian public administration reform is one of the main challenges Romania faces today. The development of the public services is one of the main goals of the administrative reform. This article contains information about the efforts that Romania made in the process for reform through long term...

Banking role in ensuring a proper functioning of the financial and monetary mechanism by facilitating performance of the cash flows in correspondence with the flows generated by the companies was the reason that bank (creditor) – company (debtor) relation was on a permanently attention of...