The Impact Of Accession To The European Union On The Romanian Capital Market
The accession to the European Union has had a significant impact on the Romanian capital market. In this paper are presented some aspects of the capital market which are influenced by the mentioned event, such as a harmonized legislation with EU legislation and restructured capital market architecture. In order to synthesize the accession effect on the Romanian capital market, we have analyzed the specific market indicators (such as market value, turnover, market indexes etc.), computed for the pre and post-accession periods. The study also contains a comparative analysis of market indicators of the new member states of EU, from the same region, computed for corresponding periods of time. Also, the paper is focusing on the phenomena which are amplified by the EU accession, such as the correlation of the Romanian stock market prices' evolution with the evolution of the prices from the capital markets of Central and Eastern European states new EU member, as well as the correlation with developed capital markets from Europe and United States, markets which determine the quotations' evolutions from before mentioned capital markets. For this purpose, we calculate and study the correlation coefficients of Romanian indices with the indices of foreign stock exchanges.
Volume (Year): 11(516)(supplement)(vol2) (2007)
Issue (Month): 11(516)(supplement)(vol2) (November)
|Contact details of provider:|| Postal: |
Phone: +40 21 3 12 22 48
Fax: +40 21 3 12 97 17
Web page: http://www.asociatiaeconomistilor.ro/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:11(516)(supplement)(vol2):y:2007:i:11(516)(supplement)(vol2):p:41-48. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marin Dinu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.