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Bucharest Stock Exchange - the Effects of the Current Financial Crisis

Author

Listed:
  • Cornelia Pop

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

  • Cristina Curutiu

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

  • Partenie Dumbrava

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

Abstract

The current financial crisis had an important impact on economies all over the world. Romania – one of the Eastern European countries, considered just one year ago to have a good growth potential – is also absorbing the shock waves of this crisis. As expected, the first to respond to those shocks was the Bucharest Stock Exchange. The paper will present Bucharest Stock Exchange evolution before the crisis started to manifest and will try to identify the main factors which influenced its explosive growth; the paper will continue with the investigation of the current financial crisis influences on Bucharest Stock Exchange – with an emphasis over the factors which might have deepen the descendent trend for the Romanian stock exchange market. The final part will present the effects of the current financial crisis on the future development of Bucharest Stock Exchange, taking into consideration the position of the Romanian capital market in Eastern Europe.

Suggested Citation

  • Cornelia Pop & Cristina Curutiu & Partenie Dumbrava, 2009. "Bucharest Stock Exchange - the Effects of the Current Financial Crisis," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 5, pages 805-818.
    • Handle: RePEc:osi:journl:v:5:y:2009:p:805-818
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    Citations

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    Cited by:

    1. Panait, Iulian & Constantinescu, Alexandru, 2012. "Stylized facts of the daily and monthly returns for the European stock indices during 2007-2012," MPRA Paper 44249, University Library of Munich, Germany.
    2. Corina Maria Ene & Carmen Marilena Uzlau & Iulian Panait, 2013. "Stylized Facts Of The Daily, Weekly And Monthly Returns On Bucharest Stock Exchange During 2007-2012," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(15), pages 1-15.
    3. Panait, Iulian & Slavescu, Ecaterina Oana, 2011. "Volatility and causality study of the daily returns on the Bucharest Stock Exchange during 2007-2011," MPRA Paper 41786, University Library of Munich, Germany.

    More about this item

    Keywords

    capital market; capitalization; evolution; Romania;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies

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