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Evolution of The Romanian Capital Market in The Last Four Years

Author

Listed:
  • Sorin Claudiu Radu

    (University of Craiova, România)

Abstract

The effects of the great recession have also been felt in Romania and the domestic capital market, component of the European financial market, has suffered from the negative evolutions of the world’s economy, fallowing the downward trend of the external markets since the crisis started. Considering the economic situation as of 2008, the Romanian capital market was faced with a small number of transactions, a decreased stock capitalization and low level of credibility, massive diminishment of liquidities, capital withdrawal on the financial market and significant depreciation of stock exchange indicators. This paper aims at presenting the evolution of the capital market in Romania for the last four years, pinpointing several strategic directions that are meant to support the domestic stock exchange and place them in the European stock exchanges top.

Suggested Citation

  • Sorin Claudiu Radu, 2012. "Evolution of The Romanian Capital Market in The Last Four Years," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 12(3), pages 215-222.
    • Handle: RePEc:pet:annals:v:12:y:2012:i:3:p:215-222
    as

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    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2014. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises," Annals of Economics and Finance, Society for AEF, vol. 15(2), pages 215-268, November.
    2. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    capital market; emergent capital markets; investors; market growth; Bucharest Stock Exchange; Romania;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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