Today in Romania, in the context of the liberalization of the capital account and under a floating exchange rate (official is a managed floating currency regime established by National Bank of Romania) the foreign exchange rate is very volatile. In consequence the financial institutions,...

VaR has become the standard measure that financial analysts use to quantify market risk. VaR measures can have many applications, such as in risk management, to evaluate the performance of risk takers and for regulatory requirements, and hence it is very important to develop methodologies that...

The world for financial institutions has changed during the last 20 years, and become riskier and more competitive-driven. After the deregulation of the financial market, banks had to take on extensive risk in order to earn sufficient returns. Interest rate volatility has increased dramatically...

One of the concerns in portfolio management is to anticipate market evolution, generally given by a stock index. The market value of a stock is connected to the trends of the index; each security follows, more or less, the index trend line. This relationship between the return on a financial...

In the current economic context, ensuring a sustainable and consistent economic growth is required for the reduction of development gaps by comparison the European average. To this end, an important part is played by resuming the economy financing and supporting the investment processes that...

The International Conference GLOBALIZATION Economic, Social and Moral Implications was organized by Research Association for Interdisciplinary Studies, “Athenaeum” University of Bucharest, Institute for Economic Forecasting Romanian Academy, Scientia Moralitas Research Institute and The...

In the present financial theory, we confront with complex economic phenomena and activities which cannot be studied or analyzed profoundly because of the plurality of existing variables, ratios and information. The economic, financial and social activity carried on under crisis or economic...

The increased volatility that characterized the markets during the last years emphasized the need for hedging. Given their industrial usage, the non-ferrous metals have a great importance for the economic activity. The volatility and unpredictability of metals prices create risks for an...

Within the study we focused on an analysis of any dependence that may connect some emerging countries aiming mainly to emphasize the intensity of correlations between different financial markets. For this purpose we took into consideration two emerging markets, i.e. Romania and Turkey, due to...