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...

Inflation is considered one of the most sensitive macroeconomic phenomena in modern economies (inducing significant distorsions in the productive structure of the economy and social injustice in the market). Three of the most important theories that explain the nature and the causes of inflation...

Building a coherent country branding program at international level requires a strong coordination between the government, the business sector, the decision makers from educational and cultural sector, the civil society and, the mass media representatives in any country. The paper presents the...

This paper analyzes the relationship between fiscal policy and the macroeconomic indicators (economic growth, inflation rate, unemployment rate, public debt) in the case of Romania for the period 1990-2007. The correlations between these variables are tested by applying the regression technique,...

Building a coherent country branding program at international level requires a strong coordination between the government, the business sector, the decision makers from educational and cultural sector, the civil society and, the mass media representatives in any country. The paper presents the...

Few subjects of international economics are so much exposed to heated debates as the exchange rate problem. From monetary crises and balance-of-payments adjustments to monetary zones, dealing with currency swings seems to embody any economist's worries about the rightfulness of economic models...

When companies go public to gather financial resources, the stocks they sell in an initial public offering (IPO) tends to be underpriced, resulting in a substantial price jump on the first day of trading. Underpricing of IPO has attracted important researching efforts in the last time. The...

International financial decision is not a simple one and it is mainly characteristic to multinational companies or to companies located in countries with a reduced saving rate that is not sufficient to cover all internal financing needs (is the case of emerging markets like Romania is). The...

In the specialised literature there are several established models and methods for measuring the time required to fill the gap between various systems, by assessing the rate of development required to reach a certain reference level in a determined period of time. These models are known as...

Initial public offerings (IPO) of financial instruments on international financial markets represent one of the most important financing channels not only for developed countries, but for emerging ones too. The most sensitive element of international IPOs that could determine the success or...