The Effects of the Political Decisions on The Financial Market
Luciana Simion ()
Ovidius University Annals, Economic Sciences Series, 2019, vol. XIX, issue 1, 655-659
The evolution of financial markets, and especially of the Romanian capital market, is influenced by several factors, but this paper highlights one of the most important, namely the political factor. The effects of political measures, the issuance or changes of laws, the issuance of ordinance and other measures are felt by the entire economy. To emphasize the connection between the events taking place in the political sector and the evolution of the capital market in Romania, we decided to present the effects of the Emergency Ordinance number 114 issued by the Romanian Government in December 2018, on the evolution of stock indices and the main companies listed at the Bucharest Stock Exchange. In that sense we applied several technical indicators on the indices and stocks charts, highlighting the investorâ€™s reactions on feelings of fear or pessimism and emotional excess that led to important declines.
Keywords: financial market; Relative Strenght Index; political decisions (search for similar items in EconPapers)
JEL-codes: G41 P16 Y10 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xix:y:2019:i:1:p:655-659
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