VaR has become the standard measure that financial analysts use to quantify market risk. VaR measures can have many applications, such as in risk management, to evaluate the performance of risk takers and for regulatory requirements, and hence it is very important to develop methodologies that...

Despite a good development support made up of highly trained, skilled and concerned human resources as well as of material resources that are not to be neglected, but taken into consideration, touristic activities in national economy systematically face a performance deficit, being unable to...

This paper studies the particularities of portfolio selection on the Romanian stock market using the risk-return maximization criteria introduced by Harry Markowitz (1952). We used daily prices for the 36 most liquid companies traded on Bucharest Stock Exchange during January 2010 – March 2012...

Our country has political stability, very good relations with all neighbour countries, a legislative system made upon European standards which requires greater stability and rigour. Stimulating regional activities, promoting inter-regional cooperation are placed in the larger context of process...