In this article, we intend to analyse how the European stock markets perceive the dynamics of macroeconomic indicators in terms of the sentiment index and the purchasing managers' index. For this research, we focused on the countries of the European Union and applied an econometric event study,...

In this paper we build a system for determining the credit risk score and to estimate the probability of default for Romanian non-bank stock exchange intermediaries using principal component analysis applied on a selected set of financial and prudential indicators obtained from their financial...

In this paper we propose an integrated approach to assessing risk for alternative investment funds, both at micro and macro (market) level. Building upon the experience and practice in European Supervisory Agencies and different National Competent Authorities on assessing risk for other type of...

The central bank is one of the main pillars of a country's government and one of the institutions most required to respond to crisis situations in the economy. In this respect, the National Bank of Romania, as the monetary authority of the Romanian state, is constantly subject to such pressure....

This year we celebrate 130 years since the birth of Victor Slăvescu, one of the most prominent Romanian economists. His various activity took place over a period of time marked by a succession of exceptional events: two world wars, the Great Union of 1918, the interwar period and the beginning...