The Impact of Globalization on the Capital Market in Romania

Camelia Catalina Joldes ()
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Camelia Catalina Joldes: The Bucharest University of Economic Studies
Authors registered in the RePEc Author Service: Camelia Catalina Joldes ()

Hyperion Economic Journal, 2017, vol. 5, issue 1, 3-8

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

Keywords: economic globalization; capital market development; VAR; causality (search for similar items in EconPapers)
JEL-codes: C32 F63 G10 G15 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:hyp:journl:v:5:y:2017:i:1:p:3-8

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