Most of the transactions typical for the capital market from our country are carried on through the Bucharest Stock Exchange. That is why we can allege the fact that the eventual conclusions referring to the evolutions recorded in the frame of this institution can be extrapolated at the level of...

The paper presents the evolution of BSE during the financial crisis in 2008. The investors’ preferences for blue chips shares remained unchanged, there were traded the same shares in almost the same volumes. The shares’ prices are highly positive correlated, the reduce liquidity of BSE...

We examine the determinants of stock market and bank liquidity in an economy in a SUR framework in which stock market turnover and available bank credit denoting access to long and short term capital respectively are interdependent and the errors are correlated. The SUR results suggest that...

This staff report on People’s Republic of China 2013 Article IV Consultation highlights macroeconomic developments and outlook. China has maintained robust growth since the global crisis, but the heavy reliance on credit and investment to sustain activity is raising vulnerabilities. The...

A survey of the financial systems of Caribbean countries reveals systems dominated by banks, with services widely available. Jamaica is the only country to have experienced a financial crisis. The paper describes recent improvements in the regulatory framework, and examines factors, which affect...

The analysis from stock exchange perspective of the period 2007-2012 emphasizes the apparent correlation of global markets, revealed by the movements in the same directions of the main mature markets. Following the contagion effect, the turbulences experienced by mature markets transferred on...

The venture capital activity represents a financing intermediation suitable to the start-up and innovative SMEsÕ needs, and tries to confirm itself in the economic context. Indeed, such financing mode supports the companiesÕ creativity and development, particularly for the under capitalized...

This article includes the analysis of the activity of institutional investors on the securities market of the Republic of Moldova, particularly transactions performed by the banking and the insurance sectors. The activity of investment funds is not analyzed, as practically there are no...

In this study, China’s economic developments and policies are discussed. Economic growth has been increased by expanding infrastructure and real estate construction. The policy measures outlined in the twelfth five-year plan and implementation of financial reform are important for...