The hypertrophy of speculative monetary and financial flows has gravely impeded the normal evolution of the real economy, exacerbating the problem of indebtedness world-wide. Some of the most important ideas of Keynes and Minsky have been selected and re-interpreted in the light of the mentioned...

The success of the integration process of Bulgaria and Romania is reflected by their nominal and real convergence process. These tendencies are of special importance considering further economic development of Bulgaria and Romania, and the shortening of the economic distance with more developed...

Sustainable development is a major subject of discussions worldwide and especially in the European Union. A lot of studies, papers, reports had analyzed the subject of sustainable development and many of the indicators of sustainable development have been transposed in public policies...

The purpose of this research is to estimate the impact of several macroeconomic variables on nonperforming loans (NPLs) in the banking sector of the Republic of Moldova recently affected by global crisis. Using econometric multivariate linear regression analysis, we conclude that banking NPLs...

The free banking system, as a possible solution to alleviate the difficulties made by the recent financial crisis and to avoid such situations in the future, require the absence of central monetary authority and allow the establishment of private banks in conditions of freedom. The purpose of...

Application of provisions of macroeconomic policy in order to ensure the stability of the banking system, especially, of the financial system as a whole is one of the strengths point of the concept of sustainable development. From one side, management of systemic risk requires orientation of...

Despite the magnitude and in, some cases, the major role remittances do have in many economies all over the world, the monitoring and estimation of these flows, as well their impact on home economies pose a lot of challenges for specialists in this area. We found that, concerning Republic of...

Starting from the Derrida’s belief (i.e., the freedom begins where/when the calculus ends), the paper discusses the frontier between the necessity and the liberty in taking the economic decision. In the context, the necessity is thought as being the logical consequence (effect) of the...

This study analyzes the influence of European funds on growth and multiplier of funds that bring added value in economy. We perform a quarterly database of European funds attracted during 2007-2014 detailed on agricultural and structural funds. It is describe in detail: 1) Communitarian Budget,...

In this article is investigated the process of elaboration of local government budgeting in terms of autonomy and fiscal decentralization. The new funding formula of territorial administrative units increase stimulus of administrative units to supplement local incomes and improve their services....