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Impact of the Financial Crisis on the Romanian Capital Market in the European Context

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  • Leonardo BADEA

    (“Valahia” University of Targoviște, Romania)

Abstract

This paper aims at analyzing the impact of financial crisis on the capital market in Romania in order to establish the main financial developments. There is clearly a phenomenon of contagion leading to different manifestations of the global capital markets. Our objective is to highlight by statistical linear regression the factors that influence the evolution of capital market. Surprisingly, the results will show that investors are not always rational and do not react according to statistics.

Suggested Citation

  • Leonardo BADEA, 2012. "Impact of the Financial Crisis on the Romanian Capital Market in the European Context," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(568)), pages 27-40, March.
  • Handle: RePEc:agr:journl:v:3(568):y:2012:i:3(568):p:27-40
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    References listed on IDEAS

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    7. Andrea Mervar & James E. Payne, 2007. "An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates," Working Papers 0701, The Institute of Economics, Zagreb.
    8. Witt, Stephen F. & Witt, Christine A., 1995. "Forecasting tourism demand: A review of empirical research," International Journal of Forecasting, Elsevier, vol. 11(3), pages 447-475, September.
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    Cited by:

    1. Catalin Drob, 2014. "Recent Evolution Of The Capital Markets In Romania," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 20.

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    Keywords

    risk; volatility; financial crisis; capital market.;

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