In a recently published (Business Week, November 2, 2009) article, the distinguished columnist, Michael Mandel, pointed out some interesting issues concerning the US trade gap and the consequences it has on the entire global economy and economic system. In this kind of respect, he finds three...

In this paper we propose to study if the standard and asymmetric dynamic conditional correlation (DCC) models, following Cappiello et al. (2006), may capture spillover effects and the degree of interaction with the European capital market using the DAX index as proxy. We found evidence that the...

This paper aims to present a new approach of the Tobin tax concept under the circumstances of the current economic and financial crisis in the Euro-Area, raising new questions concerning its applicability and potential support in preventing speculative foreign exchange transactions.

The current economic and financial crisis represents the most sever episode of this type during the last generations – as it results from the reports of the European Commission. The impact upon the European Union member states’ economies materialised under the form of the credit...

The current research analysis consumers’ rights concerning personal data processing and confidentiality protection within the public communications sector as they are stated in the 2002/58/CE Directive of the European Parliament and Council from 12th of July 2002. The study objectives are: the...

This paper has a focus in considering the implications of the European integration for the present and future exchange rate arrangements between the European Union and Romania as an emerging country. The objective of this paper is to examine rather medium-term outlook for exchange rate...

In banking system, being a domestic or foreign bank can be an especially important managerial success. In the literature, it has been claimed that foreign banks are more successful than domestic ones. The reason for this can be having more global knowledge and using more professional tactics in...

The current paper focuses on the identification of the factors that influenced the evolution of the real sector in Romania between 1990 and 2007, having as a theoretical background the IS-LM model for a small economy, Romania’s case. In this way, we have tested the correlations among: the...

The academic literature analyzes the fiscality concern from all points of view, and the question which pressed upon the theoreticians and also the practitioners of the last decades remains: which is the adequate level of the fiscality? The difficulty in answering the question consists in...

Taking into account the actual economic situation of the world with numerous financial crisis, the insurance companies should control their financial stability in order to avoid the insolvency or even bankruptcy state. Thus, the insurers should find the adequate methods of substantiating the...