Impact of the Shocks from NYSE on the Romanian Capital Markets

6 Pages Posted: 17 Apr 2015

See all articles by Razvan Stefanescu

Razvan Stefanescu

University Dunarea De Jos Galati

Ramona Dumitriu

University Dunarea De Jos Galati

Date Written: April 15, 2015

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

JEL Classification: F30, G14, G15

Suggested Citation

Stefanescu, Razvan and Dumitriu, Ramona, Impact of the Shocks from NYSE on the Romanian Capital Markets (April 15, 2015). Available at SSRN: https://ssrn.com/abstract=2594960 or http://dx.doi.org/10.2139/ssrn.2594960

Razvan Stefanescu (Contact Author)

University Dunarea De Jos Galati ( email )

Str. Domnească, nr. 47
Galati, 800008
Romania

Ramona Dumitriu

University Dunarea De Jos Galati ( email )

Romania

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