{"id":4830,"date":"2021-04-16T15:15:18","date_gmt":"2021-04-16T15:15:18","guid":{"rendered":"https:\/\/manager.openweb.ro\/?p=4830"},"modified":"2021-10-15T12:42:59","modified_gmt":"2021-10-15T12:42:59","slug":"forecasting-of-financial-markets-and-monetary-fiscal-financial-economic-and-political-freedom-features-in-nowadays-society-a-case-study-on-romanias-situation","status":"publish","type":"post","link":"https:\/\/manager.faa.ro\/?p=4830","title":{"rendered":"Forecasting of Financial Markets and Monetary, Fiscal, Financial, Economic and Political Freedom Features in Nowadays Society \u2013 A Case Study on Romania\u2019s Situation"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4830\" class=\"elementor elementor-4830\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-41be1c06 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"41be1c06\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3dcd003c\" data-id=\"3dcd003c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1b1f811b elementor-widget elementor-widget-text-editor\" data-id=\"1b1f811b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0<span style=\"color: var(--c-contrast-800); font-size: 16.604px;\">Pages: 116-132<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2184dfdf elementor-widget elementor-widget-text-editor\" data-id=\"2184dfdf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Introduction<\/strong>.\u00a0<span style=\"font-size: 16.604px;\">Today the financial market system, as a\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">whole, and the financial market, in particular,\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">are both facing numerous challenges.\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">The elements addressed in our research\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">come to present in a broad and accurate\u00a0\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">manner these challenges, in an attempt\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">to forecast the financial market\u2019s next steps\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">and figures, and to make light on the nearest\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">provocations that the social, political and\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">economic environment are all bringing.<\/span><\/p><p><strong>Aim of the study<\/strong>.\u00a0<span style=\"font-size: 16.604px;\">In the first part of this research paper, elements such as monetary, fiscal, financial, business, investment,\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">labour, economic, property and political freedom features are being presented, starting from the complex\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">definitions of these concepts, continuing with an in-depth analysis of these concepts and their roles and\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">importance in today\u2019s society structure. In this regard, numerous valuable examples of successful economic\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">and political structures are being presented, in order to emphasize the nations\u2019 potential in terms of monetary,\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">fiscal, financial, business, investment, labour, economic, property and political freedom.\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">In the second part of this scientific work, the role and the importance given to the financial markets\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">nowadays is being presented, starting from the definitions of the financial markets, continuing with the\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">challenges that these types of markets are facing today, given the monetary challenges, the fragility of the\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">economic systems world-wide, the insecurities brought by the continuously changing public policies, the\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">financial \u201cgame\u201d that is \u201cplayed\u201d between the banks and the capital markets, as well as the investments\u2019\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">role at the level of the economy.\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">In the third part of this paper, Romania\u2019s situation is being addressed taking into consideration the\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">latest data and analysis provided by the National Bank of Romania (September 2016) based on the discoveries\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">and the general conclusions of the document named \u201cDynamic Stochastic General Equilibrium\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">(D.S.G.E.) model estimated for Romania\u201d.\u00a0<\/span><\/p><p><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\"><b>Keywords:<\/b> financial markets, capital markets, monetary freedom, fiscal freedom, financial\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">freedom, business freedom, investment freedom, labour freedom, economic freedom, property\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">freedom, political freedom, economic and political features, money, banks, investments, Dynamic\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">Stochastic General Equilibrium (D.S.G.E.) Model, National Bank of Romania (N.B.R.), Romania\u2019s\u00a0<\/span><span style=\"font-size: 16.604px; color: var(--c-contrast-800);\">situation<\/span><\/p><p><span style=\"font-size: 16.604px;\"><b>JEL Classification:<\/b> D53, E00, E44, E50, E58, F21, F38, F43, G00, G01, G10, G17, G18, G32<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-414ce25 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"414ce25\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/manager.faa.ro\/wp-content\/uploads\/2021\/10\/25m_116_132.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Full text sources<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Introduction. Today the financial market system, as a whole, and the financial market, in particular, are both facing numerous challenges. The elements addressed in our research come to present in a broad and accurate  manner these challenges, in an attempt to forecast the financial market\u2019s next steps and figures, and to make light on the nearest provocations that the social, political and economic environment are all bringing.<\/p>\n<p>Aim of the study. In the first part of this research paper, elements such as monetary, fiscal, financial, business, investment, labour, economic, property and political freedom features are being presented, starting from the complex definitions of these concepts, continuing with an in-depth analysis of these concepts and their roles and importance in today\u2019s society structure. In this regard, numerous valuable examples of successful economic and political structures are being presented, in order to emphasize the nations\u2019 potential in terms of monetary, fiscal, financial, business, investment, labour, economic, property and political freedom. In the second part of this scientific work, the role and the importance given to the financial markets nowadays is being presented, starting from the definitions of the financial markets, continuing with the challenges that these types of markets are facing today, given the monetary challenges, the fragility of the economic systems world-wide, the insecurities brought by the continuously changing public policies, the financial \u201cgame\u201d that is \u201cplayed\u201d between the banks and the capital markets, as well as the investments\u2019 role at the level of the economy. In the third part of this paper, Romania\u2019s situation is being addressed taking into consideration the latest data and analysis provided by the National Bank of Romania (September 2016) based on the discoveries and the general conclusions of the document named \u201cDynamic Stochastic General Equilibrium (D.S.G.E.) model estimated for Romania\u201d.<br \/>\nKeywords: financial markets, capital markets, monetary freedom, fiscal freedom, financial freedom, business freedom, investment freedom, labour freedom, economic freedom, property freedom, political freedom, economic and political features, money, banks, investments, Dynamic Stochastic General Equilibrium (D.S.G.E.) Model, National Bank of Romania (N.B.R.), Romania\u2019s situation<br \/>\nJEL Classification: D53, E00, E44, E50, E58, F21, F38, F43, G00, G01, G10, G17, G18, G32<\/p>\n","protected":false},"author":195,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,34],"tags":[124,150,162,290,297,302,399,406,416,557,559,579,665,668,678,756,782,860],"coauthors":[1432,1433,1434],"class_list":{"0":"post-4830","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-33","7":"category-2017-vol-25-issue-1-may","8":"tag-banks","9":"tag-business-freedom","10":"tag-capital-markets","11":"tag-dynamic-stochastic-general-equilibrium-d-s-g-e-model","12":"tag-economic-and-political-features","13":"tag-economic-freedom","14":"tag-financial-freedom","15":"tag-financial-markets","16":"tag-fiscal-freedom","17":"tag-investment-freedom","18":"tag-investments","19":"tag-labour-freedom","20":"tag-monetary-freedom","21":"tag-money","22":"tag-national-bank-of-romania-n-b-r","23":"tag-political-freedom","24":"tag-property-freedom","25":"tag-romanias-situation","26":"jel-d53","27":"jel-e00","28":"jel-e44","29":"jel-e50","30":"jel-e58","31":"jel-f21","32":"jel-f38","33":"jel-f43","34":"jel-g00","35":"jel-g01","36":"jel-g10","37":"jel-g17","38":"jel-g18","39":"jel-g32"},"_links":{"self":[{"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/posts\/4830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/users\/195"}],"replies":[{"embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4830"}],"version-history":[{"count":3,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/posts\/4830\/revisions"}],"predecessor-version":[{"id":7851,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/posts\/4830\/revisions\/7851"}],"wp:attachment":[{"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4830"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcoauthors&post=4830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}