John Law and Richard Cantillon are two economists whose lives and works are intrinsically related. They were at one moment close collaborators and at a later moment bitter enemies. On the one hand, John Law significantly shaped the institutional and policy framework of the French financial...

The contemporary economic crisis has determined a massive public intervention of the member-states of the European Union in the economy, with the hope that such a measure will correct the negative economic and social impact. Such state aid has been directed mainly to the financial and banking...

The recent punishment of the biggest global microprocessor producer, Intel Corporation, for the alleged break of the European legislation in the competition field is a result easy to have been anticipated starting with 2004, when European Commission fined the biggest global producer of operation...

Business literature, especially in the field of operations management, advanced several models of production systems used by firms, among which we can recall Fordism and Toyotism. While such a literature analyses the strenghts and weaknesses of each of these models, highlinghting their impact on...

The issue of whether a state has the ability to foster economic development despite what seems to be adverse conditions confronting it lies at the core of the field of international economics. Besides economic theory, public policy-making has a strong interest in such a debate. Why some states...

The issue of monetary disintegration gains an increasing place in the interest of political economists and policy makers alike. Until recently, the process through which two states that previously shared a common currency decide to abandon it and choose national currencies instead was a marginal...

This study examines whether there is a price discovery type relationship between CDS and stock market at the level of 5 Eastern European countries for the period 2004-2014. The analysis follows the pattern of the financial time series: testing the structural breaks, the stationarity,...

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...

Accession into Euro Area for Eastern European Countries became a compulsory and a very demanding step. These new members should achieve specific condition that are called “nominal convergence” criteria and that are defined by Maastricht Treaty. The convergence level reflects how much these...

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...