This paper approaches the behavior of stock prices from Bucharest Stock Exchange during winter school vacations from Romania. We employed closing values of five indexes from Bucharest Stock Exchange covering the period December 2012 - January 2023. We found, for all five indexes, high abnormal...

In the last decades, the persistence over time of the January Effect was a controversial subject. Some studies concluded this calendar anomaly remained relatively unchanged since its discovery, while others found that it experienced a substantial decline or even disappeared. This paper explores...

This paper approaches the behavior of stock returns on US capital market during the first half of February. We use the closing values of four indexes from United States capital market for the period January 2011 - April 2023. We found, for all four indexes, abnormal high returns during the first...

Since their discovery, many calendar anomalies experienced different types of changes. This paper explores the possibility of enlargement of the time interval specific to the January Effect on London Stock Exchange. We investigate the abnormal returns presence on an extended time interval that...

Romanian Abstract: Eficacitatea analizei tehnice este un subiect controversat al domeniului investiţiilor. Totuşi, predicţiile bazate pe studiul evoluţiilor din trecut ale pieţelor financiare sunt destul de des utilizate de investitorii profesionişti. Această lucrare abordează câteva...

In implementing monetary policies, the central banks could resort to moral suasion for influencing the behavior of various categories of economic actors. Among the quite frequent forms of moral suasion applied by the central banks there are forward guidance and the negotiations with commercial...

Some calendar anomalies could have different characteristics during quiet and turbulent times. This paper approaches the behavior of day-of-the-week (DOW) effect on the Romanian foreign exchange market for three periods: January 2010 - December 2014, January 2015 - December 2019 and January 2020...

Many calendar anomalies of financial assets are sensitive to the markets’ turbulences. This paper approaches the changes that occurred in the Romanian capital market with three calendar anomalies that belong to the category of prolonged holiday effects: Gone Fishin’ Effect, School - Out...

Romanian Abstract: Uneori, pentru a înțelege procesele economice influențate semnificativ de factori psihologici, socio-culturali sau politici sunt necesare abordările comportamentale. Este cazul politicilor fiscale și monetare a căror eficacitate depinde de reacțiile indivizilor și...

Romanian Abstract: Efectele calendaristice asociate evoluțiilor piețelor financiare constau în randamente anormal de ridicate sau de joase care survin în intervale calendaristice specifice. Cunoștințele asupra unor astfel de forme de sezonalitate pot fi exploatate în conceperea unor...