FM - Economics & Finance

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Browsing FM - Economics & Finance by Subject "Economy"

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    Fixing the central parity and the evolution of the currency within the exchange rate mechanism II in the countries that joined the Euro Zone
    (Faculty of Management, SNSPA, 2013-06) Anghel, Lucian Claudiu; Pînzaru, Florina; Dinu, Mihaela; Treapăt, Laurențiu Mihai
    The present paper aims to briefly present the models used by the countries that joined the Euro zone after 2000, in fixing the central parity and the evolution of the local currency towards Euro, when participating in Exchange Rate Mechanism II (ERM II). In this respect, the paper intends to synthesize the main theories for determining the equilibrium exchange rate, as well as to present the modality of putting them into practice in the countries that had already become members of the Euro zone. The better we know the other countries’ experience in the respect of the joining process to the Euro zone, the better will Romania be able to prepare itself for adopting the unique European currency. Thus, we will be synthesize the main approaches within the specialized literature and also in the economic policy deciders’ practice concerning the estimation of the equilibrium exchange rate and implicitly, of the central parity. The paper presents the modality of fixing the central parity and the experience of participating in ERM II for a number of member states that joined the Euro zone after 2000: Greece, Slovakia, Slovenia, Malta, Cyprus and Estonia. For these states, we will analyze both the evolution of the currency towards Euro while participating in ERM II. Starting from these concrete examples, we will explain the advantages and the disadvantages in fixing the central parity over/at/under the value of the exchange rate on the market at the moment of joining to ERM II and we will underline the problems that might occur in the case of choosing a central parity that is not compatible with the equilibrium value of the exchange rate.
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    Manual de studii de caz şi bune practici bancare
    (Tritonic, 2013) Treapăt, Laurențiu Mihai
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    A synthesis of the sharing economy in Romania and Russia
    (Springer International Publishing, 2018) Treapăt, Laurențiu Mihai; Gheorghiu, Anda; Ochkovskaya, Marina
    Ten years ago, renting a flat from a stranger instead of a room in a hotel might have been considered very unusual in some countries and, of course, not an ideal way to spend holidays. However, times have changed all over the world, and now there are a multitude of online services that offer alternatives to traditional hosting. The products and services of the sharing economy have begun to change lifestyles. The sharing economy, often called the collaborative economy or collaborative consumption, is a new form of business that is growing rapidly. This type of economy presents a challenge, mainly for producers, since, instead of producing new products, the system revolves around the exchange of goods and services that already exist. To better understand the sharing economy, it is beneficial to explore examples of how this economy works in different countries. In this paper, we concentrate our research efforts on Romania and Russia-countries that both experienced communism and are now developing their own market systems. The objective of the paper is to investigate the specifics of the sharing economy and single out successful examples in Romania and Russia. The paper begins by explaining the novelty and importance of the subject. It then depicts the sharing economy in Romania and Russia and specifies the research methodology. Finally, it reports results and findings from the presented case studies.