In a previous article, we introduced the technique of multiple regression points. This technique is an extension of regression methods in the case of multi valued functions. Specifically, we study the time series for which a value is an interval. This is the case, for example, exchange rate...

An overview of the crisis manifested in Romania, but also in other European countries, proves multiple repercussions of a flawed and lacking of prudence lending policy. The complex mechanism of indebtedness propagation by multiple channels, including those financialisated, affected also...

We deal with the evolutions of monetary conditions in Romania before and during the economic crisis, and the extent to which GDP shocks are related to these conditions. The results confirmed the essential role of interest rate, credit and exchange rate in this respect, which underlines the...

This paper aims to investigate the presence of a creditless economic recovery in Eastern Europe, after de 2008-2009 output collapse. To this end, we use three variables: credit stock, credit flow and money supply M1. We find that the changes in the credit flow, as percentage of GDP, are the most...

Knowledge, generally regarded as the creative output of human mind, can be traded under specific market conditions as any other tangible asset. The process is affected by several specificities linked mainly to the intangible nature of the object of the commercial endeavour. This may pose, at...

Financialisation is a complex and dynamic process of enlarging the monetary and financial relations in economy and society. This paper deals with the analysis of the financial market structure such as: the role and magnitude of financial sectors, the dynamics of the banking sector versus the...

Romanian labour and industrial relations law has undergone wide-ranging changes in recent years. The Social Dialogue Law No. 62/2011 repealed and replaced several laws regulating industrial relations, while the Romanian Labour Code was extensively modified through the Law No. 40/2011. This...

Regional convergence is a key objective of cohesion and balanced development at regional level. The existences of regional imbalances do nothing only delay the achievement this objective, requiring the emergence of viable and appropriate measures of the new European context. This article aims to...

The objective of the present study consists of the analyzing the relationship between financialization process and economic convergence in the European Union, with a special emphasis on the euro zone and the CEE countries. The financial system is analyzed both from the perspective of the dynamic...