HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact

ISSN 1841-8678   (print)
ISSN 1844-0029   (online)


Archive ECTAP

Note: for the period 1994-2003 the archive of the magazine will not be available online

Supplements ECTAP

If you cannot open the pdf file you need Adobe Reader.
download Adobe Reader

Creative Commons License

Theoretical and Applied Economics
No. 1 / 2020 (622), Spring

Conceptual dimensions regarding the financial contagion and the correlation with the stock market in Romania

Ionuț NICA
Bucharest University of Economic Studies, Romania
Bucharest University of Economic Studies, Romania

Abstract. The economy, defined as a set of economic activities, can be described as a network, having as links companies (banking, non-banking), public entities, non-governmental organizations. Of late years, bank accidents have led to a significant disruption of the financial system worldwide. One of the objectives of this paper is to analyze the stock market by measuring the stock indices to evaluate the extent to which events such as the crisis of 2008 or the explosion of the Swiss franc have impacted the stock market and whether a systemic event with impact on the stock market has formed. The stock market in Romania will also be analyzed through the BET-FI stock index to observe the impact of events in other countries and to demonstrate how a shock can spread from one market to other markets such as the domino effect. Another objective is to explain the concept of financial contagion from a theoretical point of view, how it can be transmitted and how we can quantify it. The analysis will be performed in R software. The presented results will be focused around the theme of systemic events with an impact on banking networks.

Keywords: capital market, financial contagion, systemic risk, financial network, R 3.5.1.

Download the full article:  


Open acces




The Economicity. The Epistemic Landscape, Marin Dinu, 2016


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România (AGER) / General Association of Economists From Romania  (GAER)
Redacția: 010702, București, Calea Griviței nr. 21, sector 1, E-mail:

© 2006-2023 AGER