Main Determinants of the Mutual Funds Dynamics in Romania before and after the Financial Crisis

In an attempt to identify the main determinants of attraction or inhibitive factors for investments, the current paper evaluates the Romanian mutual fund market development. Using a regression analysis on quarterly data during 2004Q3 – 2012Q2, the study explores the impact of current financial crisis on mutual funds. The paper is organized as it follows. Part 2 presents a brief literature review and extracts the studies that appreciate best the determinants of the mutual funds dynamics. Next section is set on defining the Romanian investing climate and its importance for sustaining the economy through mutual fund investing. Then, section 4 concludes.