The European Cohesion Policy is designed to yield concrete results, furthering economic and social cohesion and reducing gaps between development levels in the various regions. Considering the context of the early post-accession period, posing significant challenges to regional development in...

This paper compares several statistical models for daily stock return volatility in terms of sample fit and out-of-sample forecast ability. The focus is on U.S. and Romanian daily stock return data corresponding to the 2002-2010 time interval. We investigate the presence of leverage effects in...