The construction of an Aggregate Financial Stability Index represents one of the methods used for assessing the level and dynamics of financial sector stability.

The study defines the three types of convergence – institutional, nominal and real ones –, the connection among them and their main measurement indicators. 

Toate ţările membre ale Uniunii Europene trebuie să asigure armonizarea instrumentelor de politică monetară utilizate cu cele ale Băncii Centrale Europene. Analizând comparativ instrumentele de politică monetară ale Băncii Naţionale a Românei şi pe cele ale Băncii Centrale...

The world financial market is an extremely complex system that involves many different participants from local banks to the central bank of each nation and the investors. Due to its importance on the global economy and our everyday lives it is vital that it is functioning properly....