Current issue

No. 3 / 2026 — Autumn

Peer-reviewed articles in economics, finance, public policy, and sustainable development.

0 Articles
Open access

Theoretical and Applied Economics
No. 4 / 2017 (613), Winter

The financial stability index – An insight into the financial and economic conditions of Romania

Claudiu Mihail MANOLESCU
The Bucharest University of Economic Studies, Romania
Elena MANOLESCU
The Technical University of Civil Engineering of Bucharest, Romania

Abstract. The goal of this paper is to quantify the index of financial stability linking it with macroeconomic indicators for Romanian economy. The index is intended to analyze the relationships between the main indicators of the banking sector and the most relevant macroeconomic indicators. The Financial Stability Index synthetizes the balance state and evolution of a complex of financial variables as well as the impact of the banking system stability upon the real economy. In this paper we intend to construe the Financial Stability Index (FSI) by using the VAR auto regressive method.

Keywords: financial, stability, index, nonperforming loans, banking.

Contents

1

The financial stability index – An insight into the financial and economic conditions of Romania

Claudiu Mihail MANOLESCU · Elena MANOLESCU

2

The strategy for reducing unemployment. Employment in the European Union

Constantin ANGHELACHE · Mădălina Gabriela ANGHEL

3

Economic value of portfolio diversification: Evidence from international multi-asset portfolios

Prateek SHARMA

4

Inflation convergence among the next eleven economies: Evidence from asymmetric nonlinear unit root test

Aycan HEPSAG

5

Bitcoin as digital money: Its growth and future sustainability

Pradipta Kumar SAHOO

6

Target P/E ratio determinants in the Turkish Stock Market: Earning volatility effect

Halil ARSLAN · Yuksel ILTAS · Temur KAYHAN

7

Wavelets based multiscale analysis of select global equity returns

Avishek BHANDARI

8

The cost to have a healthy population – The European Union's strategy

Mădălina Gabriela ANGHEL · Constantin ANGHELACHE

9

The relationship between oil and stock prices: The case of developing and developed countries

Gülfen TUNA · Nazire GÖLEÇ · Vedat Ender TUNA

10

Macroeconomic determinants of income inequality in India and Pakistan

Kashif MUNIR · Maryam SULTAN

11

Urbanisation and inequalities in China and India. Overview and comparative study

Moinak MAITI

12

Examination of the exchange rate and interest rate channels of the monetary transmission mechanism during the inflation targeting: Turkey and Mexico countries examples

Musa ATGÜR · N. Oğuzhan ALTAY

13

Macroeconomic determinants of public debt growth: A case study for Tunisia

Samia OMRANE BELGUITH · Hanen OMRANE

14

Dynamic regime switching behaviour between cash and futures market: A case of interest rates in India

Pradiptarathi PANDA · Malabika DEO · Jyothi CHITTINENI