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The Romanian Bond Market



    () (Faculty of Business, Babes-Bolyai University, Cluj-Napoca, Romania)


The Romanian bonds market is still underdeveloped, as the municipal and corporate bonds are relatively new products on Romanian capital market. Even so their number and value seemed to grow rapidly since they were first issued. On the Romanian market, one can find two types of bonds: municipal bonds and corporate bonds. The present paper is organized in the following way: the first part presents the evolution of the Romanian municipal bonds, from the moment they were first issued (in October 2001) until the present situation. Then, the paper analyzes the second type of bonds – corporate bonds –present at Bucharest Stock Exchange market since May 2003. Along with the bonds evolution, the paper also presents the main factors which can affect their development as financing instruments and as investment opportunities.

Suggested Citation

  • Cristina Curutiu, 2006. "The Romanian Bond Market," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.
  • Handle: RePEc:bbn:journl:2006_1_9_curutiu

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    References listed on IDEAS

    1. Gábor HUNYA & Álmos TELEGDY, 2003. "Hungarian-Romanian Cross-Border Economic Co-Operation," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 18, pages 13-30.
    2. Fazia Pusterla & Laura Resmini, 2005. "Where do foreign firms locate in transition Countries? An empirical investigation," ISLA Working Papers 20, ISLA, Centre for research on Latin American Studies and Transition Economies, Universita' Bocconi, Milano, Italy, revised Sep 2005.
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    More about this item


    municipal bonds; corporate bonds; yield coupon;

    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other


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