Impact of the Shocks from NYSE on the Romanian Capital Markets
6 Pages Posted: 17 Apr 2015
Date Written: April 15, 2015
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
JEL Classification: F30, G14, G15
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