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  • Author: Dumitru-Cristian Oanea x
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Impact of the Economic Crisis on FDI in Central and Eastern Europe

Abstract

Few studies have investigated the relationship between the 2008 global financial and economic crisis and foreign direct investments (FDI) flows. This paper aims to analyze empirically this relationship for Central and Eastern European (CEE) countries. The crisis had a major impact on capital flows to the region, although the magnitude of the impact differed notably, depending on specific characteristics of the host country. In order to highlight this, we use a multivariate regression model based on dynamic panel data methodology, which will help us in analyzing also the significant factors affecting the evolution of FDI in the CEE countries during the period 2000-2013.

Open access
Defining and Measuring Financial Literacy. New Evidence from Romanian’ Students of the Master in Finance

Abstract

This paper aims at defining and measuring financial literacy. The first objective of defining financial literacy was accomplished through reviewing the literature, finding the definition of these two concepts, “financial” and “literacy”, for a better understanding of meanings of these two concepts. This study surveys 200 students from the Master in Finance, at several Faculties of Economics and Business Administration from Romania (Bucharest, Braşov, Cluj, Craiova, Iași). The results that we obtained show that the participants correctly answered at 74.79% of questions. Our study’s results indicate that male students have a higher level of literacy related to personal finance than female students. Also, the survey shows that 75% of economist students from Romania have a medium to high level of financial literacy, but only 48.8% have a high level of financial literacy

Open access