Romania, as a country which adhered to the European Union just from two years ago, being including in a economical world cycle, gas been more than ever exposed to the effects of this financial crisis. This issue tries to focus on the effects of the financial crisis on the main macroeconomic...

The paper approaches the problem of credit risk in the Romanian banking system, given the need for its proper management in the context of credit expansion on a global scale. The link between the current financial crisis and credit risk can be considered in two-ways: production of credit risk is...

Providing financing to companies is a challenge for the financial system, which needs to demonstrate its usefulness by allowing these companies to gain access to available financial resources. This paper aims to analyze the process of financing through corporate bonds issue on the Romanian...

The triggering of the financial crisis on a global level, at the middle of 2007, has had a major impact on the economy of the European Union. Inflation is a macro economical imbalance that is tightly related to macro economical dynamics' indicators. This article will analyze the evolution of the...

The present study aims to build a relationship that can quantify the dependence between different capital markets and to compare the results obtained before and after the onset already famous financial crisis we are going through. Also, we plan to identify on the basis of generally valid...

In a time of crisis, dividend policy is more important in decision of investment than in regular conditions. In Romania, some companies chose to share dividends, relying on the positive effect of measure, trying to keep investors close, while other companies chose to take precautions in crisis,...

As consequence of globalization, in the past two decades, the international financial markets have become more and more interdependent. The financial globalization brought significant benefits to the national economies and to investors, but altered at the same time the structure of markets,...

The current financial crisis has reopened debate on the need to improve the regulatory and supervisory framework, both internationally and throughout Europe and led to calls for action from the authorities, aimed, on one hand, to strengthen supervision on financial institutions and, on the other...

The International Monetary Fund (IMF) has played an important role in restructuring the Korean economy over the past three years. Relying upon survey data collected in 1998 and 1999, this paper explores the role of the IMF in Korea, as perceived by its citizens. In the eyes of the Korean people,...

In this paper we propose a new security, the Call Option Enhanced Reverse Convertible (COERC). The security is a form of contingent capital, i.e. a bond that converts into equity when the market value of equity relative to debt falls below a certain trigger. The conversion price is set...