The paper addresses the issue of asset allocation policies of Romanian pension funds and the potential impact they may have in the development of local capital markets, through active involvement in terms of investing funds, capital market expertise and improvements in corporate governance...

Economic crises are a recent research topic in modern economics. However, one may address the crisis in different contexts and in different time and historic moments. We review below the most important crises that humankind had faced in the past century, aiming at discovering similarities with...