As an effect of the “no opt-out” clause, Romania is facing, rather soon, the Euro adoption challenge along with all its implications, an aim that has become rather challenging given the recent evolutions in Greece, Ireland or Portugal. Apart from foreseeing the future of the Euro-Zone,...

VAR modeling in inflation forecasting has been widely used, and rather successful, even if there have been several critiques of its exactness or accuracy. This paper is structured into two sections. The first one accomplishes a general presentation of VAR modeling in forecasting inflation, and...

This paper aims to provide a monetary analysis of the economic and financial crisis in Europe. The main focus is concentrated on monetary evolutions surrounding the Single European currency - prevention mechanisms, financing of deficits, monetary indications, enlargement and perspectives of the...

Since 2007, the economic and monetary situation in the euro Area has been seriously affected by the developments generated by an ongoing crisis. The status and evolution of candidate countries took a sudden turn, criteria fulfillment had to be reconsidered, stability became an issue and the Euro...

For most Eastern European countries that experienced former communist regimes, the EU accession and the use of European symbols – such as the EURO currency – represents both the integration into a strong and efficient economic system, but also the guarantee of a system based on real...

The administration of a financial activities portfolio usually generates two categories of risks: the risk exposure and the market risk. The purpose is to present the evolution of the country risk of Romania through using the specific statistic indicators with the granted classification by the...