This paper estimates using econometric techniques the equilibrium exchange rate in Romania based on fundamentals. The cointegration technique lead to the conclusion that an increase in relative prices differential between Romania and Euro zone and an increase in net foreign assets of the banking...

The study has as its objectives, to determine the influence of price volatility and price expectation in the rate of inflation as a measure of the price level. In addition, the study sought to evaluate ipso facto the extent to which monetary policy has influenced inflation by reducing price...

Taking into consideration that, in order to talk about science we need both different opinions and construtive criticism, the starting point of the issue would be: “How do we succeed to manage in a constructive way different theories that debate the same theme- the economic crisis?”. As a...

Taking into consideration that, in order to talk about science we need both different opinions and construtive criticism, the starting point of the issue would be: “How do we succeed to manage in a constructive way different theories that debate the same theme- the economic crisis?”. As a...

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...

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...

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...

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...