Starting with the fundamental idea of an “emerging market economy”, it's role, utility and dynamics in the current global set up as a balancing economic block, the paper analysis Goldman Sach's emerging BRIC's countries model in context of the pre and post 2008 financial crisis. The paper...

The present paper continues the studies of Pop et al. (2014) and Pop et al. (2015) and completes the previous studies by presenting a brief survey of RASDAQ's entire active life, the profile of RASDAQ indices, and focusing on the last 911 RASDAQ listed companies: their profile and their decision...

The paper tests and evaluates the causality between the dynamics of the Romanian mutual fund market and the economy. Using the Granger causality test, a regression analysis has been developed on quarterly data during 1998Q2 – 2012Q2 for the Romanian economy. Based on this relationship, we can...

Financial liberalization process and its implications on financial emerging markets have been multidisciplinary research since 1970. Reform of financial liberalization is a complex and long phenomena. This implies that the impact of this reform on financial markets should not be immediate, but...

Regarding the impact of liberalization, the results show that, in general, market opening is accompanied by a significant increase in market volatility. In particular, volatility tends to decrease due to large capital inflows and domestic growth.The study analyzes the impact of stock market...

The Carbon Market came with the signing of the Kyoto Protocol and aims to facilitateobtaining financing to purchase the necessary technology to reduce emissions of greenhouse gases,but not only that. The ‘goods‘ which are the object of trading on this market are the tons of carbondioxide...

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...

Classic studies of the probability density of price fluctuations g for stocks and foreign exchanges of several highly developed economies have been interpreted using a power-law probability density function P(g)~g-(α1) with exponent values α2, which are outside the Levy-stable regime 0α2. To...

Divergence is an understudied subject loosely defined as an unpredictable random error. The classification of divergences as small or large is also at the heart of efficient or inefficient market theory debate. This paper explains how divergence is cyclical and can be quantified and used as a...