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Recent Evolutions Of The Romanian Capital Market In The Context Of Financial Crisis

Author

Listed:
  • Bogdan Dima
  • Aurora Murgea
  • Gabriel Marilen Pirtea

Abstract

The favorable institutional and functional evolution of the Romanian capital market was break out by the negative consequences of the financial crisis. Thus, the objective of this paper is to analyze the current evolutions and to identify some of the crisis' pathology characteristics. Some conclusions are drawn and some further research directions are indicated.

Suggested Citation

  • Bogdan Dima & Aurora Murgea & Gabriel Marilen Pirtea, 2008. "Recent Evolutions Of The Romanian Capital Market In The Context Of Financial Crisis," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(10), pages 1-46.
    • Handle: RePEc:alu:journl:v:1:y:2008:i:10:p:46
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1020081/46.pdf
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    References listed on IDEAS

    as
    1. Andrews, Donald W K & Ploberger, Werner, 1994. "Optimal Tests When a Nuisance Parameter Is Present Only under the Alternative," Econometrica, Econometric Society, vol. 62(6), pages 1383-1414, November.
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    More about this item

    Keywords

    Romanian capital market; financial crisis; Quandt-Andrews test; BET; BET-C; BET-FI;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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