Theoretical and Applied Economics
No. 11 / 2013 (588)
The enlightenment of stability
„Economic stability, with financial stability at its epicentre, is intelligible only in terms of development, including when it is conceived according to the precepts of the political philosophy of austerity.”
Treated as a depth problem of the financial market, financial stability has valid solutions when financial flows exist to and from the economic processes which are centred on exploiting the resources in their diversity, while respecting the fundamental correlations of economicity. In a financial market where only the quasi-general circuit of bank financing resources makes the rule, stability cannot be sustained. The rarity of capitalization resources, including the classical savings, as well as the almost null stock exchange capitalization, transform stability into an illusion and the convergence potential into an impossibility.
Contents
Specific patterns in portfolio analysis
A turnpike theorem involving a modified Golden Rule
General aspects regarding the evolution of GDP in Romania
Interday drifts in opening stock returns
Entrepreneurship among higher education graduates in 13 European countries
Innovative methods to analyze the stock market in Romania. Studying the volatility of the Romanian stock market with the ARCH and GARCH models using the “R” software
Anomalies on the capital markets from the former communist European countries
Prerequisites for modeling price and return data series for the Bucharest Stock Exchange
Between fiscal discipline and economic recovery. The solutions problem
Origin of the product and the buying decision