Option pricing by the use of Black Scholes Merton (BSM) model is based on the assumption that asset prices have a lognormal distribution. In spite of the use of these models on a large scale, both by practioners and academics, the assumption of lognormality is rejected by the history of returns....

Romanian Abstract: Această lucrare propune un instrument economic menit a evalua caracterul (pro)concurențial al diverselor industrii din economia națională. În prima parte a lucrării este prezentat suportul teoretic pe care se bazează indicele agregat de presiune concurențială (IAPC)...

Romanian Abstract: Un fenomen cu un impact puternic asupra pieţelor petroliere internaţionale l-aconstituit declinul sever al preţurilor principalelor ţiţeiuri de referinţă din comerţul internaţional(Brent şi WTI), de la 105,7 $/baril, în iunie 2014, la 36 $/baril, în decembrie...

This article explores the development of the Romanian retail market, the recent evolutions on this market and the impact of the recent conflict between the retailers and the Romanian producers, starting from current questions not only in Romania but also at European level. The beginning of this...

Romania was beginning in 1990 a complex process of transition. The Romanian centralized economy has failed and our country was obligated to begin the reforms. These reforms included both the economic area and the social area. In the economic area, the objective of the reforms constituted the...