This paper represents a theoretical enquiry in contagion and its transmission mechanism. Our main purpose in to present the different views regarding contagion as a mechanism, correlated with interdependence, a state of markets. We present numerous theories about the definition and the...

The interest rate risk is the most important risk that derives from the OTC transactions, taking into consideration both the notional amounts and the market value of the financial derivatives that relies on interest rate contracts. Open positions on interest rate derivatives represents more than...

Operational risk appetite is an area that attracts differing views among practitioners. In theory, accepting any type of risk may carry some aspect of reward but it is important for operational risk practitioners to be aware of the view that this risk type differs from, for example, credit risk...

European funding is considered to be one of the hot topics in Romania and all over Eastern Europe since its novelty and its expected capacity to improve the life of the newly integrated European citizens. The linkages between the European Financial Support Programmes, the private financing...

Searching for funding, SMEs' managers face various obstacles arising from information asymmetry, lack of experience, severe market conditions, and insufficient or unsatisfactory collaterals for banks (OECD 2006; Badulescu and Badulescu 2010; OECD 2000 and 2004; Lin and Sun 2006; Toivanen and Cresy, 2000). The...

In this paper we analyze the return of exchange rate in order to test and analyze the best models which are capable of forecasting accurately there evolution. We apply the GARCH family models on the exchange rate return in order to obtain the best models for there volatility. Financial time...