The article makes a review of the role that the Stock Exchange has in the market economy and a short history of it in Romania. It also makes a presentation of the OTC (“over the market”) market – which is a component of the secondary capital market. The indisputable international leader of...

This paper investigates the long-run relationship between Iranian trade balance and the black market value of Iranian rial by employing cointegration technique. It is shown that in a oil producing country like Iran due to rent-seeking opportunities, depreciation of the rial in the black market...