The classical models of portfolio selection could not be applied on a market were the efficient market hypothesis is not valid (at least in a "weak" sense). The aim of this paper is to enlighten the difficulties of portfolio construction in a financial market with institutional and structural...

The globalization improves the prospects for the emerging markets to attain an economic development level comparable with that of industrialized countries. Without ignoring the specific policies concerning the openness degree, globalization might increase capital and technology flows towards...

The paper “Corporate governance in the 2011 of financial crisis: evidence from financial institutions worldwide” examines the role of corporate governance in the financial crisis. A large number of financial institutions have collapsed or were bailed out by governments worldwide since the...

Using generation approach we examine the genesis and mechanisms in major financial crisis and focus on the recent sub – prime crisis. We believe that in the era of increased financial globalization a reliable approach has to consider besides fundamental factors multiple equilibriums and self...

New tax rules with effect from 1 May 2009 with a series of changes on the tax deductibility of the value added acquisitions related to transport and fuel use. The measure is very obvious nature of politics in order to bring the state budget amounts as required under the current government crisis...

The basic question I will try to explore is whether the present financial crisis has changed the assessment of the effects of euro adoption by the new member countries (NMC) which are still outside EMU.

The article focuses on the role of direct foreign investments in modernizing the economies in transition, the impact of these investments in changing the specialization type and increasing the exportation potential, all within the context of the current financial crisis experienced at world...

This paper aims to highlight the benefits and the importance of investments in economic growth of a country. Global crisis creates impediments in obtaining these investments, which structure was divided into financial investments and real investments. Among the many causes that have helped...

The financial crisis gave an impetus to finding “weaknesses” in financial institutions. One such tool is the stress-testing. This method is intended to identify through modeling “hypothetical” or “historical” scenarios, the most losses, in the execution of a script. In the simulation...

Nothing is more natural inside the evolution of a living system than the crisis itself, the only thing that distinguishes systems from each other is represented by how crises are solved and future developments. The biggest mistake would be to think that there are companies that can develop...