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The article is putting before the reader the main aspects concerning the economic and financial international evolution. The progressive relation between the two major currencies, i.e. the U.S. dollar and the Euro, is to be considered as a starting point. The analysis is carried out within the...
Persistent link: https://www.econbiz.de/10005154549
economies. This lead to the need for what the economists call sustainable convergence, whether we refer to the institutional …, legal, fiscal or monetary framework. This paper aims to investigate to current degree of convergence between the members of … economies. The obtained results confirm the convergence hypothesis between the new member states of the European Union, with …
Persistent link: https://www.econbiz.de/10011004921
This paper attempt to be a notification on taxation issue, right now, when our country is making the last arrangements for European Union integration, bringing in foreground maximum concern aspects about the moment of introducing tax flat. What was the reaction of Romanian economy with the tax...
Persistent link: https://www.econbiz.de/10005154620
making for regional development, having as goal the unique convergence at European levels, one must take into account the …
Persistent link: https://www.econbiz.de/10005099713
simultaneously using the official currency and the digital one. Thus, the issue of the public debate regarding the private money is … still of interest. Based on these considerations, this paper aims to highlight how the digital currency Bitcoin can meet the …
Persistent link: https://www.econbiz.de/10011005049
In this article we discuss one of the modern risk measuring techniques Value-at-Risk (VaR). Currently central banks in major money centers, under the auspices of the BIS Basle Committee, adopt the VaR system to evaluate the market risk of their supervised banks. Banks regulators ask all...
Persistent link: https://www.econbiz.de/10005154466
Currency is widely assumed to have a comparative advantage over checks for the payment of purchases of goods and … services that individuals wish to conceal from the authorities. A rise in currency stocks and payments may be taken as a rough … the size of subterranean economy using the simple currency ratio method of Gutmann for quarterly data covering the period …
Persistent link: https://www.econbiz.de/10010757295
capital requirements based on VaR estimates. In this paper we determine VaR for a banking currency portfolio and respect rules …
Persistent link: https://www.econbiz.de/10005099695
In this article, we intend to indentify the impact of the currency rate of exchange variation of the two main … currencies which represent Romania’s foreign currency reserve and the stress test it submits the latter. Up to the present moment … there not established a cause-effect relationship or correlation between the foreign currency exchage rate was variation and …
Persistent link: https://www.econbiz.de/10005099788
Based on optimal currency area (OCA) criteria, this paper is assessing the real convergence process in Romania from the …. The main conclusion of our paper is the fact that Romania still needs time to progress on the real convergence criteria in …
Persistent link: https://www.econbiz.de/10011004987