Annals of Spiru Haret University
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Post-crisis financial intermediation
Get PDFThe recent financial crisis that begun in 2007 in the US, which then swept around the world, has left deep scars on the already wrinkled face of the global economy.Some national and regional economies, which had money for expensive makeup, or created money[1], managed to blur or hide the scars left by the crisis, others are still facing difficulties in overcoming the effects of this.The rapacity of banks, their greed and risk ignorance, were the origin of the outbreak of the last major economic and financial crisis but unfortunately those who were responsible or, rather, irresponsible, paid little or nothing at all for the burden of their bad loan portfolio. This cost has been supported by the population, either directly by paying high interest and fees [Mihai I., 2007], or indirectly, through the use of public budgets to cover the losses of banks, most of which had private capital. In this context, we intend to examine the state of financial intermediation in Romania in the post-crisis period, and to primarily follow: (i) The structure and evolution of the banking system; (ii) Non-government credit situation; (iii) The level of savings; (iiii) Loan-deposit ratio; (v) The degree of financial intermediation and disintegration phenomenon etc., and to articulate some conclusions and suggestions on the matters that have been explored.
The Social and Economic Factors Influence upon the Healthcare Services Consumers Behaviour
Get PDFThe research in the field of healthcare services consumer behaviour represents a very complex task with multiple implications. The consumer behaviour is much nuanced depending on the type of services or products that we are referring on. In the case of healthcare services, the behaviour is more complex than other services and is influenced mainly by special motivations like the need for a proper health status or the need to recover from a certain disease. The present article is proposing a qualitative type research as an in-depth interview with dentists regarding their perception about the influence that social and economic factors can have upon the consumers’ behaviour. The results of the research suggest that the influence of social factors is very complex, from the simple more intense concern related with dental hygiene and appearance of teeth up to anxious behaviour and isolation in the case of patients with severe dental diseases that have affected their face bones structure or the capacity to chew and speak. These findings shows that the consumers’ behaviour can be shaped by the complex interaction of different factors, and the response from dentists and those in charge with the provision of dental healthcare services can make the difference between a sustainable consumption and a dramatic route of unsatisfied consumers’ expectations.
Corruption and internal control weaknesses. Case study Romania
Get PDFCorruption represents one of the major causes of poverty all over the world and European Union is fighting against it. In the last few years, the corruption phenomenon registered a high level in some European countries and became one of the most problematic factors for doing business, due to the evolution of the perceived top five global risks: interstate conflict and regional consequences, extreme weather events, failure of national governance, state collapse or crises, high structural unemployment or underemployment (WEF-Global Risk Report 2015, p. 14).One of the modalities in combating corruption is implementing the internal control and most of the governments and organizations adopted strong control techniques. Most of the control weaknesses are related to the financial procedures and the number of controllers. Some of the controllers do not have enough financial expertise or do not understand the importance of informatics systems.
The impact of managerial competencies on the managerial performance in the educational system
Get PDFThe concept of competence in science education is in the midst of individual and collective performance. The complexity of the activity of running school has found a certain specific of its management that is materialized in two dimensions of the school activity: the variety of categories of staff and the interpersonal relationship, culture and work climate. All these result in the formation and development of a set of skills specific to the managerial field and necessary to the director of school in performing different roles sprung from this activity.
Method of decision tree applied in adopting the decision for promoting a company
Get PDF The decision can be defined as the way chosen from several possible to achieve an objective. An important role in the functioning of the decisional-informational system is held by the decision-making methods. Decision trees are proving to be very useful tools for taking financial decisions or regarding the numbers, where a large amount of complex information must be considered. They provide an effective structure in which alternative decisions and the implications of their choice can be assessed, and help to form a correct and balanced vision of the risks and rewards that may result from a certain choice. For these reasons, the content of this communication will review a series of decision-making criteria. Also, it will analyse the benefits of using the decision tree method in the decision-making process by providing a numerical example. On this basis, it can be concluded that the procedure may prove useful in making decisions for companies operating on markets where competition intensity is differentiated.
The Influence of Education and Training on Productive Skills, Nature of Work and Gender Inequality
Get PDFThe present paper is a synthesis of researching the evolution of gender discrimination during 2002-2013, i.e. the inclusion of women in the three levels of the national education system and the effects of education materialized in the degree of female population insertion on the labour market at national and European level.In order to grasp the still existing gender stereotypy and discrimination, it was necessary to analyze the evolution of the share of female population included in the three levels of the national education system (primary (elementary), secondary (lower and upper secondary) and tertiary (university), the correlation of the level of preparation of those graduating these three levels of the national education system with the branch structure of the employed population, respectively with the level of the average earnings (annual or monthly), at-risk-of-poverty rate by poverty threshold and education level, the identification of gender discrimination determined by gender role and gender wage disparity.
Book review: Thomas Piketty, Capitalul în secolul XXI
No full textLitera Publishing, Bucharest, 2015Translation from French by Irina Brateş and Lucia Popovic
Economic Oscillations with Endogenous Population, Human Capital and Wealth
Get PDFThis paper demonstrates oscillations in the economic growth model with endogenous population growth and physical and human capital accumulation proposed by Zhang (2014). This study generalizes Zhang’s model by treating all the time-independent parameters as time-dependent parameters. The model is a synthesis of the Solow growth model, Uzawa-Lucas two-sector model, and the Haavelmo population model and the Barro-Becker fertility choice model. The model studies the dynamic interdependence between population change, wealth accumulation, and human capital accumulation. We simulate the model to demonstrate existence of business cycles under different periodic shocks.
Comparative Statistical Analysis of Gender Equality on the Labour Markets of Romania and EU28
Get PDFTo achieve the employment target set in the Europe 2020 Strategy is necessary that women's potential and talent to be used optimally. Increasing employment for both men and women is the main way to achieve autonomy, financial independence and poverty reduction.This paper presents a comparative statistical analysis of gender equality on the labour markets of Romania and EU28 based on official statistics records and specific key labour market indicators. The aim was to highlight the gender gap on activity rates, employment rates by age, work time and unemployment rate, including long-term unemployment. The analyses undertaken shows that in the last ten years activity and employment rates of women in Romania had a slightly decreasing trend, while at the EU28 level had an upward trend, which led to the widening gap than the average EU28. The gender gap for the same indicators rose in the period under review, in the case of Romania, while at the EU28 level decreased.
A brief overview of the types of ETFs
Get PDF Exchange-traded fund is a type of exchange-traded product. ETF is a fund that is traded as a typical financial asset. Just like an index fund, ETF represents a basket of assets that reflect popular stock index. ETF traded just like any other company on the stock exchange. By owning ETF investor receives two important advantages – the diversification of index fund plus the flexibility of trading financial assets. There are different types of ETFs. Mainly divided into index, commodity, bond, currency, exchange-traded trusts and leveraged exchange-traded funds. The article discusses the basics of exchange-traded fund, does a brief history review on the emergence of exchange-traded funds, and provides information on the basic and specific types of exchange-traded funds.The used scientific tools include:study of scientific literature;study the performance of different markets which operate with exchange-traded funds;meaningful analysis and summary of theoretical and practical applied information.