Our paper examines the impact of currency risk on investments made by a Euro based investor in European countries in normal versus turbulent times. We use unhedged and hedged stock market returns to see whether the performance of portfolios made up of stocks from developed markets could be...

The paper presents the evolution of the demand for continuing training courses in Romania, over the period 2007-2011. The general aim was to discover possible impacts of Romania’s accession to the European Union on the demand for qualifications. Findings reveal a re-orientation of trainees...

This paper envisages to analyze theories related to the study of the Country of Origin Effect (COE), specifically in relationship with two types of products: tangible goods and services. It starts from the growing international character of different types of products and from the necessity that...

The importance of achieving optimality or near optimality in supply routing is on the rise as globalization leads to scenarios in which multiple, heterogeneous and highly spatially distributed demands have to be satisfied under stringent constraints. However, there is no consensus concerning...

Modelele de masurare a performantei portofoliilor reprezinta un instrument foarte util în estimarea alocarii eficiente a capitalurilor pe pietele financiare în conditii de risc si incertitudine. Aceste modele sunt foarte importante pentru ca managerii de portofolii sunt evaluati pe baza...

The globalisation of economy and communications, quick technological progress and its social implications led to the creation of the European Research Area, an important objective for the convergence of national RD&I systems. The monitoring of convergence process is achieved, since 2000, through...

The globalisation of economy and communications, quick technological progress and its social implications led to the creation of the European Research Area, an important objective for the convergence of national RD&I systems. The monitoring of convergence process is achieved, since 2000, through...

The “new” economy seems to be vulnerable to cyclical shocks that increased in magnitude and induced higher volatilities on the markets. The role assumed by state in this equation of markets’ equilibrium significantly increased. The causes of current crisis of modern economies are strongly...

Integration into the European Monetary Union (EMU) and adoption of Euro became a specific objective for Eastern European Countries after their accession into the European Union. This objective implies specific nominal and real economic convergence for these countries within a given period of...