Challenges triggered by the current economic and financial crisis are multiple. In the short term the main challenge is finding solutions that will restore investor confidence and long-term consumatorilor.Pe, the main challenge is to adjust the principles that guide the international financial...

The paper analizes the convergence between Romanian and European fiscal policy in terms of three issues: the fiscal revenues percentage of GDP, the structure of public revenues and the public budget deficit (under the constrait of 3% of GDP). The analysis reveals small differences for the first...

This paper examines the effect of foreign acquisitions on the capital structure of corporations. A multivariate analysis using debt flow data examines the relation between additional financing through long-term debt after foreign acquisitions and the characteristics of these acquisitions, the...

This paper is aimed to debate some conceptual and methodological issues concerning the designing and analyzing of the public budget. In the context, the issue of the necessary distinction between the target-objectives and the operational variables in the process of designing the public budget is...

A number of macroeconomic troubles led the Hungarian Government to the introduction of an adjustment program in July 2006.

The fiscal policy construction developped at national level is focused on the maintenance of the macroeconomic stability process in order to achieve the nominal and real convergence criteria concerning the membership of the Romanian economy to the European Union integrated monetary space. The...

This study analyzes the particularity of the structural adjustment process of the Romanian economy compared to the evolution of the new member countries of the European Union. Romania registers the highest level of structural “divergence” compared with the European average. This fact can...

This paper discusses macrostability and structural adjustment. This topic is very important both for highly developed country and especially for those under transition twoards market economy. Transition to a new economic system required huge economic changes which led to profound dezequilibrium....

Economic development is one of the primary objectives of any government. Fiscal policy represents one of the most effective tools that government authorities could use in order to influence the economy. Having this in mind, this paper focuses on the connection between economic development and...