The paper reviews the negotiations on the EU multi-annual financial framework (MFF) for 2014-2020 which took place between 2011 and 2013 and involved all EU member states and institutions. Focus is put on the debate regarding the funding of the Cohesion Policy, which emerged as the most...

Political realities of the European Union regarding the environment protection segment formed the basis of a specific reorientation of cohesion policy, the including this area as one of the main priorities for obtaining grants. In other words, due to long-term challenges such as climate change,...

The enlargement of European Union has finally brought a growth of public resources designed for regional policy, but also visible disparities between the member states. The objective of a stronger social and economic cohesion, of reduction of differences of social and economic development...

The financial execution of EU allocations for the programming period 2007-2013 has shown a SCF absorption rate of only 27% in the case of Romania. The study reveals that, compared to selected EU Member States, most of them CEE countries, this represents the lowest level of absorption rate. The...

This paper provides a robust structural identification of the effects of U.S. interest rates on an emerging economy's asset values. Using newly available intraday data, we investigate how surprises associated with U.S. macro data and FOMC announcements move the yield spread on a benchmark...

Money is a moral issue, and ethical considerations pervade the Islamic financial services industry through Shariah law. Islamic finance and finance in the Muslim world is growing quickly, and conventional financial institutions will continue to accommodate demand for Shariah compliant banking...

The globalization of the marketplace has ushered in an era in which the quality of corporate governance is a crucial component of corporate survival. The compatibility of corporate governance practices with global standards has also become an important part of corporate success. The practice of...

The factor of the earlier/later closing market, which appears in pairs of time series with non-synchronism problem exposure, may predetermine the results of the Granger causality test conducted on classic form. The shift in GMT timeline reverses the exposure of the market to the factor of...

The comparison was performed between Granger causality test results, based on the equations in classic and non-synchronism corrected forms applying the pairs of stock market indices with daily data non-synchronism problem. In contrast to the non-synchronism corrected form of the equation, the...