In the contemporary economy, financing is a major problem regardless of the nature and size of the organisation. Within the financing policies the cost of capital and the financing decision suppose a profound analysis on which depends the success of the business performed by the organisation....

Currents of thought about the genesis and evolution of the optimal monetary area should be evaluated, in our opinion, by specifically employing a progressive approach. Such a vision comprises the authors' attempts to answer the question: is the European Monetary Union such an area?

Europeans transition from "single currency" proved to be a major challenge for each experiment, for others a complex exercise which, ultimately, should be completed with success. The authors of this paper consider the European monetary integration as a transition from a state of...

Obviously, the monetary integration aims at some competitive advantages being obtained. Highlighting them, in opposition with the inherent disadvantages, consisted in the subject of our research. Our belief is that, at least until now, no scenarios have been imagined to present us how the...

Visions and assessments, both optimistic and pessimistic on the evolution of the euro and the euro area continued to be expressed since its genesis. They come from independent persons, valued for quality expertise to date. The durability will be trying to express their considerations.

It is possible an end of globalization? Is this the way to the end of globalization? It is difficult to predict. What is certain is that, at least in highly developed capitalist societies one or more new forms of capitalism tend to be born and to assert its right to exist. Therefore the 2008...

The current economic crisis, deeply globalized, has its source in the major financial turmoil triggered in the U.S. at the end of 2007 and early 2008 because of the unrealistic bubble of the sub –prime loans based mostly on real estate transactions overestimated. That is why we consider...

This paper presents the challenges and perspectives of the future evolution of inflation in a changing world characterized by a severe financial crisis. It also analyses the framework of inflation targeting in Romania. Contradictory pressures have challenged ever since the functioning of this...

The purpose of this paper is to evaluate the impact of the macroeconomic variables such as the Gross Domestic Product, the exchange rate and the interest rate over the quality of the loan portofolio. Therefore, the methodology of our research consists of applying the VAR model under the Eviews...