In this paper, we briefly present the new trends in the banking industry related to customer relationship management. In the first part we realize a brief introduction about the past and present approach related to bank customer relationship management, outlining the importance of rethinking the...

In this paper we briefly present the impact of sovereign wealth funds on the global financial markets, the advantages they offer and the concerns they have generated lately. Sovereign wealth funds have emerged as important players in global financial markets and their stability. Although they...

Most of the research papers revealing the monetary policy transmission mechanism in Romania focused on VAR, Structural VAR or Dynamic Stochastic General Equilibrium (DSGE) models. Our paper brings new empirical evidence regarding the impact of NBR’s monetary policy shocks on the real economy,...

The purpose of this paper is to explain briefly from a behavioral point of view, the appearance and the development of speculative bubbles in financial markets. In the first part of the paper, we have presented the most known speculative bubbles among the history and the principal factors...

The purpose of this paper is to reflect the behavioral aspects that govern corporations. The paper briefly presents some of the main pillars of behavioral corporate finance: management, closed – end funds puzzle, dividends and the importance of aggregate earnings releases. The first pillar...

In this paper, we determine the potential economic growth in Romania using three statistical univariate filters. The techniques used are Hodrick-Prescott (HP), Christiano-Fitzgerald (CF) and Baxter-King (BK) filters. According to our calculations, HP outperforms the other two filters for the...

In this paper we present the key aspects regarding central bank’s independence. Most economists consider that the factor which positively influences the efficiency of monetary policy measures is the high independence of the central bank. We determined that the National Bank of Romania (NBR)...

The financial crisis has demonstrated that self-regulation is not sufficient to markets and financial institutions with systemic importance. Permissive regulatory policies, allowing the development speed of global banking financial system, have played an important role in emphasizing the upward...

Financial instruments have been developed over time from bonds, with a simple structure of cash flows, to yielding instruments that have a complex structure, attracting a much broader range of investors and permitting issuers of bonds to allow reduce the costs of fund raising. To construct...