The Halloween Effect is one of the main calendar anomalies used to challenge the Efficient Market Hypothesis. It consists in significant differences between the stock returns from two distinct periods of a year: November - April and October - May. In the last decades empirical researches...

The objective of the paper is to examine the possible holiday effects in the stock returns from a group of 28 countries. In our investigation we employ daily values of some representative indexes from January 2000 to December 2011. We split this sample in two sub-samples: before and during the...

This paper explores reactions to the stock markets shocks during quiet and turbulent times. In our investigation we use daily values of 28 stock exchanges indexes: 14 from developed markets and 14 from emerging markets. We find the global crisis induced, for most of the indexes, significant...

In the last decade the monetary policy from Romania was deeply changed. The inflation decreased considerably in comparison with the 1990s. From a few years National Bank of Romania adopted the inflation targeting strategy that implied a careful use of the monetary instruments. The success of the...

In the recent years in the financing of schools from Romania serious changes took place. The decentralization led to the transition of its financing to the local governments and this evolution was accompanied by some difficulties in the schools activity. In the present there are some debates...

In Romania, the fall of the communist regime made possible the private education. However, its development was asymmetric. The Private Universities increased in number beginning with the 1990s and the private schools had a delayed start. The new trend of the education reform in Romania could...

This paper approaches the services offered to the students by the faculties of Economic studies. We use the results resulted from an investigation of the students' perceptions about these faculties. We try to find out the aspects that matter when students evaluate the universities. Based on...

The English version of the article can be found at: 'https://ssrn.com/abstract=3113686' https://ssrn.com/abstract=3113686.Romanian Abstract: Creşterea exporturilor prin stimularea investiţiilor strǎine directe ar putea fi o soluţie pentru problema deficitelor persistente ale balanţei...

Increasing exports by stimulating the foreign direct investment could be a solution to the problem of the persistent trade balance deficit of Romania. However, in such an attempt there have to be taken into consideration the potential effects of the foreign direct investment on some categories...

This paper explores the relation between the prices and the trading volume from the Bucharest Stock Exchange. The data employed consist in the daily values from January 2002 to March 2011. We identify some significant changes caused by events such as Romania’s adhesion to the European Union or...