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Bucharest Stock Exchange - the Effects of the Current Financial Crisis

Cornelia Pop (), Cristina Curutiu () and Partenie Dumbrava ()
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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

Interdisciplinary Management Research, 2009, vol. 5, 805-818

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.

Keywords: capital market; capitalization; evolution; Romania (search for similar items in EconPapers)
JEL-codes: G22 G31 (search for similar items in EconPapers)
Date: 2009
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