The current economic crisis was defined by analysts as the worst financial crisis since the Great Depression of the 30’s, countries under development being confronted with an accelerated reduction in the economic growth and labor force, negative impact on the commercial balance sheet and...

We develop a VAR-GRACH approach to invesigate shock and volatility transmissions between bank stock returns in Romania during the 2007-2009 international financial crisis.Our findings provide eveidence of significant shock and volatility transmissions between Romanian bank returns.We also show...