—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.
—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:
S. M. Munteanu is teaching assistant at the Bucharest Academy of
Economic Studies in the field of efficiency and management (e-mail:
V. Iordache is a PhD candidate at the Bucharest Academy of Economic
Studies in the field of Financial and Economic Analysis. (e-mail:
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.