In this article, we intend to analyse how the European stock markets perceive the dynamics of macroeconomic indicators in terms of the sentiment index and the purchasing managers' index. For this research, we focused on the countries of the European Union and applied an econometric event study,...

In this paper we build a system for determining the credit risk score and to estimate the probability of default for Romanian non-bank stock exchange intermediaries using principal component analysis applied on a selected set of financial and prudential indicators obtained from their financial...

In this paper we propose an integrated approach to assessing risk for alternative investment funds, both at micro and macro (market) level. Building upon the experience and practice in European Supervisory Agencies and different National Competent Authorities on assessing risk for other type of...

Romanian Abstract: Articolul de faţă analizează principalele caracteristici ale proiectului privind înfiinţarea unei Uniuni a Pieţelor de Capital, aşa cum sunt ele prezentate de iniţiatorul proiectului, Comisia Europeană, şi de alţi autori care au studiat această temă. Analiza...