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The Impact of Globalization on the Capital Market in Romania

Author

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  • Camelia Catalina Joldes

    (The Bucharest University of Economic Studies)

Abstract

The study examined the impact of globalization on the capital market operation in Romania, using the Bucharest Stock Exchange as a case study. In this paper we analyze the impact of globalization on the capital market in Romania using different tests and methods, taking into account the other studies on this subject. We exploit daily data of stock exchange for the period of August 2011- March 2017 and the variables included in the research are BETPLUS, BET-XT, BET-FI, BET-NG, BET-BK, BET-XT-TR, SPX, DJI, N225 and STOXX50E. In the course of examination, it was discovered that there are much influence of globalization on the capital market operations in Romania

Suggested Citation

  • Camelia Catalina Joldes, 2017. "The Impact of Globalization on the Capital Market in Romania," Hyperion Economic Journal, Faculty of Economic Sciences, Hyperion University of Bucharest, Romania, vol. 5(1), pages 3-8, March.
    • Handle: RePEc:hyp:journl:v:5:y:2017:i:1:p:3-8
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    More about this item

    Keywords

    economic globalization; capital market development; VAR; causality;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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