The image of the European culture is given by the association of the concepts people – culture – history – territory, which provides certain local features. From this relation, we identify a cultural area with local, regional and national features beyond a certain European culture. Thus,...

In the last decades, the use of the exchange rates as nominal anchors to tie down the prices seemed to experience a decline. However, the exchange rates targeting could become a solution for some countries in dealing with the actual circumstances. In this paper we approach some key elements of...

Citizenship represents the permanent legal and political relationship that exists between the state and the individual. Citizenship is often defined in terms of legislation and accompanying political debates, far from the realities experienced by citizens. Due to the lack of uniformity between...

After the fall of communist regime the Romanian current account passed from exceeds to substantial and persistent deficits. This evolution raised concerns over the country external sustainability. Since 2007, in the Romanian foreign trade dramatic changes occurred, being induced by the adhesion...

Monthly seasonality in the stock prices returns is among the best known calendar anomalies that affect the capital markets. The knowledge about such calendar patterns could be exploited in building successful investment strategies. However, it was revealed that not all the calendar anomalies...

Marriage in North-Western Transylvania (2nd Half of the 19th Century – Beginning of the 20th Century). External Conditionings and Marital Strategies In the latter half of the 19th century and the beginning of the 20th century, in north-western Transylvania there was a traditional rural...

A Social History of Romanian Space. From the Beginning of Dacian state until the rise of Modernity presents on a wide scale in time and space the history of Romanian states from their ancestors, from Antiquity, continuing with the Medieval Romanian Life and State and ending with social realities...

This paper approaches the evolution of Romania’s foreign debt in three periods of time: during Nicolae Ceausescu regime, in the transition period and the one which followed the adhesion to European Union. For all three periods the external debt management had to deal with different...

Since the Asian flu several empirical studies revealed that in the crisis circumstances the relationship between the stock prices and the exchange rates could suffer significant changes. Such findings were confirmed during the global crisis that started in 2008. In the case of Romania the global...

This paper investigates the presence of Gone Fishin’ Effects on the Romanian Capital Market from January 2000 to July 2013. In this analysis we employ daily values of five main indexes of Bucharest Stock Exchange. We use GARCH models to reveal this seasonality not only on indexes returns but...