Within the optimisation effort associated with the European financial markets integration special attention is paid to two important initiatives: the Banking Union and the Capital Markets Union (CMU). Both projects are also important for Romania, considering the current status of the economy and...

Negative interest rates, as an instrument of monetary policy, are regarded by the central authorities as a stimulant for the growth of real economy through: decrease of lending costs, increase of consumption, decrease of volatility and so on. However this policy has a negative influence within...

Social contributive insurance systems which are based on the repartition principle between generations are strongly influenced by the demographic evolutions.

The aim of the present study is to shed some light on the framework for Understanding Environmental Policy in Romania, in contrast to the existing literature which mostly focuses on developed economies. Specifically, we use the Pigovian and Coasian Externality Theory. For the empirical analysis...

The paper analyses the savings developments in Romania during transition in comparison with the other CEE countries, starting from the definition of savings from the national accounts. Moreover, saving analysis is performed by institutional sectors, especially for population and nonfinancial...

The time series techniques are widely used in the financial analysis. This paper approaches some characteristics of the financial variables that particularize their evolution. It also presents some simple techniques of the time series analysis.

Market economy is characterized at a time, among others, by the existence of twopartners, so that one has some money, a certain amount of capital, and one needs money. The first has money and wants to capitalize on them as possible, and the second wants to enter into possession of a capital base...

From the multitude of variations of capital investment on the capital market, this work cuts two of them namely capital investments in options contracts and capital investments in straddle contracts. A distinct place it occupies in the paper presentation of the operating mechanisms of the two...

Romanian Abstract: Tehnicile seriilor de timp sunt utilizate frecvent în analiza financiară. Această lucrare abordează unele caracteristici ale variabilelor financiare care le particularizează evoluţia. Sunt prezentate, de asemenea, câteva tehnici simple de analiză a seriilor de timp

Romanian Abstract: Lucrarea de faţă abordează tematica arbitrajului preţurilor dezvoltată de către Stephen A. Ross (1976), care porneşte de la premiza că valorile mobiliare subevaluate pot fi revândute pe o altă piaţă în ideea de a profita în urma diferenţei de preţ, această...