Considering the assets of pension funds around the world, their value has been significantly reduced in the current economic and financial crisis, which caused a reallocation of their investments towards investments with low risk, mainly oriented towards domestic investments. Consequence of the...

The main objective of this paper is to determine in what extent the performances of the privately managed pension funds in Romania, second pillar, are influenced by the investment allocation of their total net assets, in order to improve that performances. The research methodology consists in...

In order to accomplish the envisaged aims of this paper, interdisciplinary research has its own methodology consisting of specific methods and techniques to which, the particular methods for each disciplines participating to the complex research and allowing an integrated study of the issues,...

In January 2004 eleven members of the European Union (EU) took a new step toward the creation of a single European market. They launched the European Monetary Union and implemented a new cross-border currency, the euro.This event was unprecedented in monetary history. This article deals with the...

One of the most interesting debates in economics is about free trade and protectionism. The arguments in favor of both directions are described by the analysis of free trade case and protectionism case. These are based on the economists’ thoughts that, on a side, the state should not intervene...

The transition of national economies towards macroeconomic structures, in which services dominate, constitutes one of the most important structural mutations in global economy. Global economy has begun several decades ago, but has accentuated in the last two. We encounter this process in every...

The central bank is the highest monetary authority within each monetary system. This is why the concern for the responsibilities, objectives and functions of central banks is present in the general economy field, as well as in those of finance, currency or financial exchange relations....

The European Social Fund interventions in Romania in the field of Human Resources Development, as established in the National Strategic Reference Framework 2007- 2013, will assure investment in human capital, modernisation of education and training systems, increasing the access to employment...

TNCs are not new actors of the stage of international economical picture. Even since XVIIIth and XIXth centuries, the private firms have been constituting the link between the producers and the consumers from different countries of the world. They have become a main actor in the international...

The foreign direct investment (FDI) has become more and more important over the last couple of decades. Known to be one of the latest factors to stimulate the economic growth, affecting directly the social and regional development, the foreign direct investment is now also one of Romania's...