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The Effects Of Risk Events On The Efficiency Of Financial Market

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  • Cristina SAVEANU

    (Alexandru Ioan Cuza University of Iasi, Faculty of Economics and Business Administration, cristinasaveanu@yahoo.com, Iasi, Romania)

Abstract

The network of relationships that exists between the participants on the financial market and the need to match the offer with the demand request the efficiency of the financial mechanism. For this reason, the concept of efficiency is nowadays a central issue of market research. Taking into account the real economy this paper tries to reveal the effects of risk on the efficiency of financial market. The approach of the subject has a double perspective: the negative effects of risk on the efficiency and the positive ones, trying to find the benefits of each aspect for the economy as a whole.

Suggested Citation

  • Cristina SAVEANU, 2013. "The Effects Of Risk Events On The Efficiency Of Financial Market," Journal of Public Administration, Finance and Law, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 3(3), pages 83-90, June.
    • Handle: RePEc:aic:jopafl:y:2013:v:3:p:83-90
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    References listed on IDEAS

    as
    1. Kremer, Manfred & Lo Duca, Marco & Holló, Dániel, 2012. "CISS - a composite indicator of systemic stress in the financial system," Working Paper Series 1426, European Central Bank.
    2. repec:ecb:ecbwps:20111426 is not listed on IDEAS
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