• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing: Engineering & Technology Digital Library, ProQuest, Crossref, Electronic Journals Library, DOAJ , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2011 Vol.2(3): 179-184 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2011.V2.100

The Correlation in the Global Context of Financial Markets and the Evolution of Emerging Market of Romania Through the Bucharest Stock Exchange

C. Ciora, S. M. Munteanu, and V. Iordache
Abstract—The purpose of this article is verifying the existing relation between BET index (Bucharest Exchange Trading) and the main international stock index during 2005-2010, through correlation coefficients. Design/methodology to achieve the purpose we used econometric methods for calculating the evolution and variations of indexes. Finding –There is a strong link between the stock market in Romania and international markets, which can be quantified through stock market indexes. There is a high level of inter- correlation. Correlation matrix underpins our findings. Practical implications – Knowing the influences between the stock indexes can represent a starting point for investors, for following the international context and evolution which can lead to forecasting certain patterns for the evolution of BET index.

Index Terms—correlation, financial markets, stock index.

C. Ciora is teaching assistant at the Bucharest Academy of Economic Studies, Department of Economic and Financial Analysis, member of the Romanian Society of Economic and Financial Analysis and member of the International Economics Development and Research Center. (E-mail: costin.ciora@cig.ase.ro).
S. M. Munteanu is teaching assistant at the Bucharest Academy of Economic Studies in the field of efficiency and management (e-mail: sebastianmadalin@yahoo.com).
V. Iordache is a PhD candidate at the Bucharest Academy of Economic Studies in the field of Financial and Economic Analysis. (e-mail: vlad.jordache@yahoo.com).

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Cite:C. Ciora, S. M. Munteanu, and V. Iordache, "The Correlation in the Global Context of Financial Markets and the Evolution of Emerging Market of Romania Through the Bucharest Stock Exchange," International Journal of Trade, Economics and Finance vol.2, no.3, pp. 179-184, 2011.

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