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Consideration on the price stability – financial stability relationship in the context of financial globalization
Get PDFThis study is focused upon the involvement of the central banks regarding the fulfillment of the two main objectives: price stability and financial stability. These two key concepts are part of an old and ongoing debate that the current turmoil has revived, and that is whether monetary policy should aim, or not, at ensuring financial stability in parallel to its main objective of price stability. On both sides there are solid and well known arguments. In the beginning of the study I have considered a literature review with regard to price and financial stability issues. After that I have tried to shed some light (from a theoretical point of view) on the nature and dynamics of the fundamental interlinkages between the two aspects and there implications on the central banks and the economy. Finally I outline some general conclusions that have emerged in the present study
Theories about the financial crises
Get PDFThe financial crises are generally associated with banking crises due to the role they play in their production, transmission and settlement. This paper presents a number of different approaches taken from the specialized literature on the causes that led to the outbreak of the financial crises
Depreciation Test of Fixed Assets – Necessity, Indices of Value Loss, Certainty and Frequency of Assessment Evaluation
Get PDFWith the promulgation of IAS 36 "Depreciation of Assets" to ensure a consistent approach of reversible loss of value, removing the specific nationals practices and such the differences what appear as a result of the different treatments. In the chain of procedures for determining the depreciation of an asset/cash generating unit is required first the crossing phase of identification to an possible impaired assets, being necessary for the strict professional reasoning to each business. Applying the test impairment is not random and not to all assets of an enterprise. In general, the standard requires for companies to make the impairment tests when there are signs that an asset may be impaired (but annually for intangible assets with an indefinite useful life and commercial fund). The opportunity given by IAS 36 " Depreciation of Assets" to choose in determining of recoverable amount, between two values is not accidental. It is considered that the company can recover the value of its assets through use or market capitalization. However measurement of the two values is a complex process, very expensive for many businesses, own estimates based on Management Company with a strong subjective load, which is reflected on the certainty and reliability of obtained data
The Relevance of Notions of Risk and Uncertainty in Investment Decision to Base at Local
Get PDFInvesting resources in the local public interest objectives locally involves taking risks caused by system operation and efficiency level established. Uncertainty and risk meet anywhere (even local government), combined in different proportions, so that the process has consciously assumed taking place in every field of activity, uncertainty can be eliminated
Statistical analysis of the structure and dynamics of the number of students in public education over the past two academic years from Bacau
Get PDFBacau public university, represented by the “Vasile Alecsandri”University from Bacau, is the third such center in the region. With more than 7400 students, it represents 7.5% of North-East Region and 1.1% of the total country. The number of students registered in the academic year 2009/2010 a positive dynamic in total (11.9%, 792 students) than the previous year. For the university studies, the number of students increased by 5%, dynamics above average recording the Faculty of Sciences (58.3%), Faculty of Movement, Sports and Health (15.1%), Faculty of Economics (+ 13.3%). The students in the academic program stand for 73.5% of the total, from the masters programs 15.2%, from the postgraduate masters 9.2%, other postgraduate courses 1.5% and 0.6% doctoral school. In the last two years, over 3200 graduate students have completed the university
The role of non governmental organizations in monitoring and evaluating public policies, measuring the effects stressing the impact on regional economic policy implementation
Get PDFRegional policy implementation encounters difficulties and limitations similar to those for other areas of economic policy. The main difficulties are those arising from uncertainty in the gaps of time and the nature of the political climate. As a variant influencing the selection process by which a public interest issue to be solved and the stages of monitoring / evaluation of the implementation of public policies are often part of the current work of NGOs. Depending on the area of expertise / interest for a particular topic at a time, NGOs have chosen to monitor / assess the performance of authorities in implementing a solution to solve a problem, depending on certain parameters
Modeling and simulation of economic processes
Get PDFIn general, any activity requires a longer action often characterized by a degree of uncertainty, insecurity, in terms of size of the objective pursued. Because of the complexity of real economic systems, the stochastic dependencies between different variables and parameters considered, not all systems can be adequately represented by a model that can be solved by analytical methods and covering all issues for management decision analysis-economic horizon real. Often in such cases, it is considered that the simulation technique is the only alternative available. Using simulation techniques to study real-world systems often requires a laborious work. Making a simulation experiment is a process that takes place in several stages
How do we know when the change is optimal?
Get PDFThe analysis of the external environment must not be limited to the identification of the external factors, but must also take into account their importance. The real management capacity consists of finding out their signification, of identifying exactly those factors which may have a special influence upon the organization. As a consequence of the fact that the external environment is dynamic, it is important to understand correctly the direction of the moment and the location of the change
The correlation between the development of human resource in education and the Romanian economy
Get PDFThis article is a thorough reflection on development of human resources and on influence they have programs career development of individual improvement. Representative data describe the impact of development programs on educational career. Education plays an essential role in the life of the individual both in terms of career, as well as economically. In this sense, the informations and the representative data which characterizes the Romanian educational system and ensure quality in education, are in important issue
Competivity and management activities in die production systems
Get PDFCurrently for a production system to act on a global market must have a policy-oriented performance management to increase competitiveness. Performance management should be focused on improved performance by operating rules and principles, techniques, operating methods and tools for improving business performance. To track progress of production, performances should be a system of indicators, well made and systematically followed up