IMPACT OF THE SHOCKS FROM NYSE ON THE ROMANIAN CAPITAL MARKETS

Razvan Stefanescu () and Ramona Dumitriu
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Razvan Stefanescu: “Dunarea de Jos” University of Galati, Romania

Risk in Contemporary Economy, 2015, 371-376

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.

Keywords: Capital Markets; Emerging Market Integration; Shocks (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2015:p:371-376

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