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Impact Of The Shocks From Nyse On The Romanian Capital Markets

Author

Listed:
  • Razvan Stefanescu

    (“Dunarea de Jos” University of Galati, Romania)

  • Ramona Dumitriu

    (“Dunarea de Jos” University of Galati, Romania)

Abstract

Since the adhesion to European Union, the influence of the international financial markets on the Romanian capital market intensified. In this paper we investigate the impact of the shocks from New York Stock Exchange on the Bucharest Stock Exchange evolution. We found that a significant proportion of the shocks from Bucharest Stock Exchange could be associated to the sharp fluctuations of the stock prices that occurred on the United States capital market.

Suggested Citation

  • Razvan Stefanescu & Ramona Dumitriu, 2015. "Impact Of The Shocks From Nyse On The Romanian Capital Markets," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 371-376.
    • Handle: RePEc:ddj:fserec:y:2015:p:371-376
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    File URL: http://www.rce.feaa.ugal.ro/images/stories/RCE2015/Finante-Contabilitate/StefanescuDumitriu.pdf
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    References listed on IDEAS

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    Cited by:

    1. Stefanescu, Răzvan & Dumitriu, Ramona, 2015. "Buy and sell signals on Bucharest Stock Exchange," MPRA Paper 89014, University Library of Munich, Germany, revised 05 Jan 2016.
    2. Ramona Dumitriu & Razvan Stefanescu, 2016. "Impact of the NYSE Shocks on the European Developed Capital Markets," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 327-334.

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