The increase of financial crisis in 2008 helped to bring the recession in developed countries and the reduction of acceleration in the economies of emerging countries. Moreover, the degree of vulner-ability in emerging countries has increased through their dependence of external financing....

The impact of the crisis on Europe comes from both direct and indirect channels. The direct effects have been felt mostly through the financial sector. For example, stock market volatility has increased since the onset of the crisis and wealth losses have been observed in the major stock...

A variety of factors led or contributed to the current financial crisis, including loose monetary policy; excessive financial market liquidity, leverage and maturity mismatch; weak risk management and underwriting standards; and poor incentives and regulatory gaps in some important segments of...

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...

The current financial crisis seems to be more painful than those occurring in recent decades. This crisis caused a massive decline in the market confidence of both businesses and consumers. The crisis has affected a multitude of economic and financial activities such as financial markets that...

The attractiveness of a state regarding foreign investors, multinational banks and creditors, is closely related to country risk assessment. Most of the financial and economic rating agencies such as Standard & Poor's, Fitch, Moody's, etc., are in a position to analyze, more or less...

This paper presents the theoretical background concerning capital budgeting techniques and cost of capital estimation and a literature review on cost of capital estimation practice applied by key European corporations as opposed to Asian and American firms. Previous studies showed that the most...

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...