This paper presents some aspects regarding competition and harmonization in European Union fiscal policy, especially after the last enlargement on 2007. The problem of tax harmonization is connected with tax competition in the context of increasing capital mobility between different countries....

There was drawn up a presentation of the Romanian agriculture and financing sources used in the transition period underlying the budgetary and external financing. The paper emphasizes the low level of absorption of external funds starting from the allotted amounts of money and compares them to...

Risks, especially "operational risks" are part of corporate life, they are the essence of financial institutions' activities. Operational risks are complex and often interlinked and have to be managed properly. Today, there is more pressure to avoid operational risks while continuing to improve...

The study of the consumers’ behavior of financial products is based upon the hypothesis according to which they behave rationally that is they try to aim their objectives at the highest level possible, taking into account the restrictions that they are forced to face. Having this context the...

The current world wide economy met deep changes, especially in the last decades, changes which had major effects over business area. These determined the adoption of some decisions, at the level of main actors of economical life, which allow them to resist at new challenges. In this way,...

The project aims to create an econometric model which allows the forecasting of the evolution of Romania’s real economy, as well as the evolution of the system of Romanian financial markets. The study basis is represented by the assimilation of real economies with physics systems which are...

The BET, CAC 40 and Dow Jones EURO STOXX 50 portfolios present the overall trend of the financial markets in Bucharest, Paris and Euro zone. In this paper we analyzed the returns of these portfolios, which allow us to emphasize the characteristics of the returns that can be obtained on those...

While performing its current activity, a company can face two types of risks: the operating risk and the financial risk. The combined effect of these risks obviously influences the shareholders’ earnings. In order to quantify this effect, we have used the degree of combined leverage,...

This paper investigates if Croatia would benefit from the introduction of euro. Croatia has been gravitating towards Europe for decades, especially towards Germany. The same period, until the introduction of stabilization program in late 1993, was characterized by hyperinflation which caused...

At the global level, governance has been viewed primarily as intergovernmental relationships, but it must now be understood as also involving non-governmental organizations, citizen’s movements, multinational corporations, and the global capital market. Therefore it should be analyzed how...