The purpose of this paper is to highlight the level of European financial integration, based on the academic literature analyzing a comprehensive set of indicators and methodologies. We structured our research on sections that present a theoretical approach of the instruments that will be used...

The recent coronavirus disease 2019 (COVID-19) generated some non-routine problems, characterized by a high degree of uncertainty which makes difficult the solving by the full rational decision making models. In the field of finance, such problems are those associated to the fiscal and monetary...

The time series techniques are widely used in the financial analysis. This paper approaches some characteristics of the financial variables that particularize their evolution. It also presents some simple techniques of the time series analysis.

Romanian Abstract: Tehnicile seriilor de timp sunt utilizate frecvent în analiza financiară. Această lucrare abordează unele caracteristici ale variabilelor financiare care le particularizează evoluţia. Sunt prezentate, de asemenea, câteva tehnici simple de analiză a seriilor de timp

Investment companies are exploring the best opportunities on financial markets for financial instruments transactions in order to optimize the portfolio structure and to diversify the risk. Trading the financial derivatives is assumed to be one of the most efficient methods to increase the...

This paper approaches some simple methods for the calendar anomalies identification. Taking the TOY Effect as an example, we show how the t tests or the OLS regressions could be used to detect a seasonal component of the financial assets’ returns.

Some calendar anomalies that were detected in the stock markets could be also found in the foreign exchange markets. This paper approaches the presence of Turn-of-the-Year Effect in the logarithmic returns of Romanian leu – US dollar exchange rate daily values for a period that starts in July...

Descriptive statistics facilitates the revealing of some important features of the financial variables evolutions. In this paper we present some indicators of the central tendency and the dispersion. We approach, also, the skewness and kurtosis of the financial variables.

This paper approaches some particularities of the financial variables evolution such as: the financial markets behaviors during bubbles or crisis, the systematic risks and the linkages among the international financial markets. It also presents some factors with significant influence on the...

The financial time series smoothing could facilitate the identification of some important characteristics such as the trend, the cyclic or the seasonal pattern. It could be also useful in forecasting the evolutions of some financial variables. In this paper we approach some smoothing techniques,...