Our purpose is to verify the predictive performances of the artificial neural networks (ANNs) under volatile statistics and possibly incomplete information. Daily forecasts of exchange rate using exclusively primary available information for an emergent economy (such as the Romanian one) could...

There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...