Duca Ioana - Academia.edu (original) (raw)
Papers by Duca Ioana
Journal of Knowledge Management, Economics, and Information Technology, 2014
The scientific steps taken by the authors emphasize the importance of higher education financing ... more The scientific steps taken by the authors emphasize the importance of higher education financing by the diversification of financing sources and their correlation with the social dimension. Besides the analysis of the social dimension concept, the research also approaches its application by opening the opportunities offer for more members of society to be involved in the higher education system. Furthermore the authors of the research present some financing models, pointing out the performance based models for encouraging the objectives of the social dimension. In this context a diversification of the financing mechanisms for higher education is clearly necessary considering access increase and completion for this type of education corroborated with the social dimension.
Globalization is the key concept of the 21st century. Although the term in itself is vaguely defi... more Globalization is the key concept of the 21st century. Although the term in itself is vaguely defined and it is used with different meanings, we could talk about a real "cult of globalization". The term globalization is nowadays present in the speeches of nearly all statesmen or high officials of international organizations, and suffers various mutations according to the pursued objectives. It can be stated that globalization is viewed as a new and complex configuration, a transformation of historical proportions, challenging traditional concepts such as the national state, the national borders, rendering the classical economics theory obsolete. Beyond the interesting aspect of this concept, globalization affects us all, directly or indirectly. Therefore, a synthesis of the most interesting views upon the topic is needed, without launching a pro and con dispute. There is more an attempt of highlighting the different facets of this concept.
Globalization is the key concept of the 21st century. Although the term in itself is vaguely defi... more Globalization is the key concept of the 21st century. Although the term in itself is vaguely defined and it is used with different meanings, we could talk about a real "cult of globalization". The term globalization is nowadays present in the speeches of nearly all statesmen or high officials of international organizations, and suffers various mutations according to the pursued objectives. It can be stated that globalization is viewed as a new and complex configuration, a transformation of historical proportions, challenging traditional concepts such as the national state, the national borders, rendering the classical economics theory obsolete. Beyond the interesting aspect of this concept, globalization affects us all, directly or indirectly. Therefore, a synthesis of the most interesting views upon the topic is needed, without launching a pro and con dispute. There is more an attempt of highlighting the different facets of this concept.
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
ABSTRACT The importance of understanding the complex mechanism of inflation and its main generati... more ABSTRACT The importance of understanding the complex mechanism of inflation and its main generating and amplifying factors justifies the attention and continuous focus maintained by experts, financial institutions, authorities and the independent analysts, especially in developing countries. Inflation is the main imbalance factor that Romanian economy faced during the last 16 years. Despite the positive evolution in the near past, this country is still the one with the highest inflation level among countries during the transition period. Only at the end of 2005 did Romania reach a single digit inflation rate - 8.6 percent, according to the NBR most recent report.The main reasons for this delay are: the late prices' liberalization, compared to the other countries, the inconsistency in the economic programs and the relatively late start of NBR in the strategy of competitive disinflation and re-monetization of the economy using intermediary targets. This type of monetary policy continued until July 2005. Starting August 2005, NBR initiated the inflation targeting, which implies: the public announcement of a quantitative inflation target; the price stability set as main goal of monetary policy (ideally the central bank law should define price stability as primary objective); a wide set of information and good macroeconomic data; the technical capacity of NBR to forecast inflation; the ability to set monetary instruments at levels consistent with the inflation target; an increased level of transparency. This strategy will be applied in Romania until the ERM II, after EU joining, because the NBR has considered inflation targeting to be the most appropriate medium term monetary policy framework. As we know, the adoption of Euro requires countries to participate in the ERM II for two years and meeting the set Maastricht criteria:* Inflation - lowest 3 EU members plus 1.5 percent during one year (approximately 2.3 percent);* Fiscal deficit - below 3 percent of GDP;* Public debt - below 60 percent of GDP;* Long-term interest rates - below average of the three low inflation countries plus 2 percent;* Exchange rates - within the EMS band ( /- 15 percent) for 2 years with stability around the central rate.Despite years of reform and relative macroeconomic stability, Romania still faces many challenges before meeting these criteria. It may need a few years before Romania being ready to enter the monetary union, being a long way from fulfilling the inflation target. It is very difficult to reduce the inflation from 8.6 percent to 2.3 percent. The NBR Governor, quote: "We say that we will reach to this level in 2008, but, most probably, we will get there in 2010". The stability of the Currency Board and the relatively low inflation in recent years are likely to make it easier for Bulgaria to enter the ERM II than for Romania, which needs to further stabilize its economy . If is not sufficiently prepared, Romania could postpone the initially set date of 2014 for the switch to European currency.
We can measure the globalisation tendency of financial markets by means ofseveral criteria - the ... more We can measure the globalisation tendency of financial markets by means ofseveral criteria - the degree of financial openness, the degree of financial integration andthe degree of participation in the global financial market. This study aims at analysingthe degree of participation in the global market as a Financial Markets GlobalisationCriterion based on indicators such as the amount of issuing on the international markets,the number of cross listing, the percentage of foreign investments into the GDP etc. Wecan conclude that although we cannot talk about a global financial market yet, theintensity and extent of the cross-border financial activity indicates an evolution in thisdirection. Yet, the process does not have a linear trend.
Journal of Knowledge Management Economics and Information Technology, 2014
... Duca Ioana Titu Maiorescu University Bucharest Faculty of Economic Sciencesioana.duca@utm.ro ... more ... Duca Ioana Titu Maiorescu University Bucharest Faculty of Economic Sciencesioana.duca@utm.ro ... Instead of being a cooperative-type institution, it changed into a super-state decision-making organism, in which the key position is held by the USA. ...
The Economics of the firm is affecting in the latest year of a changing perspective, from the fir... more The Economics of the firm is affecting in the latest year of a changing perspective, from the firm like production function and market actor to internal organization of the firm. Producing suppose resource allocation by the entrepreneurs or/and managers and cooperation between individuals inside the firm. The existence of the firm like institution implies transaction costs, agency costs, the costs of creating incitation and the costs of reducing flexibility. In addition, the existence of the corporations modifies the costs of transaction and acts like a catalyst for the creation and developments of the other firms.
According to the OECD, corporate governance is the system by means of which companies are managed... more According to the OECD, corporate governance is the system by means of which companies are managed and controlled. In 1999, the OECD Principles on the Administration of Corporations were approved, and are currently recognized among the 12 pillars of international financial stability, serving as a reference point for compiling a collection of national corporate governance codes. These principles refer to: the rights of shareholders and their protection, the equitable treatment of all shareholders, including the minority and foreign shareholders, the role and rights of stakeholders, the transparency of information and its prompt dissemination, the responsibilities of the Board of Directors and of the executive management. Making efficient use of the resources, a decrease in the cost of capital for companies, increasing the investors' trust by means of a significant diminution in the managers' discretional attitude and the decrease in corruption are the most important benefits o...
This paper is studying the degree of financial independence and decision of local authorities, in... more This paper is studying the degree of financial independence and decision of local authorities, in a number of transition countries in South-Eastern Europe. Our research identified the strengths and weaknesses of public finance reform, for each country, followed by a classification of decentralization in the analyzed area.
Even though globalization tends to minimize the importance of national borders, there is yet a st... more Even though globalization tends to minimize the importance of national borders, there is yet a strong competition ongoing between nations. In this competition, it’s those countries that manage create and develop a series of long-term competitive advantages that eventually thrive. In the case of Romania, the R & D sector could represent a real „engine” of economic development, particularly at
The present scientific work aims at establishing the connection between the sustainability and th... more The present scientific work aims at establishing the connection between the sustainability and the management of public debt both as hot stringent issues, and as strategic components of the state public policies. The authors analyze the relationship between public debt and some macroeconomic variables, by using a model structured on two time periods. Also, the study the same relationship based
SSRN Electronic Journal, 2000
Page 1. Electronic copy available at: http://ssrn.com/abstract=1347624 1 Proceedings of the 16th ... more Page 1. Electronic copy available at: http://ssrn.com/abstract=1347624 1 Proceedings of the 16th AEEE CONFERENCE GHENT 23-26 August 2006 Economics and Business Education in a globalising Europe Investment in human capital and its impact on labour market ...
SSRN Electronic Journal, 2000
ABSTRACT Entities, no matter what operating system they have, private, public, banking, have as a... more ABSTRACT Entities, no matter what operating system they have, private, public, banking, have as a purpose the value adding. The internal audit has its contribution to the achievement of this goal. This research explains the tridimensional approach of the concept of internal audit and identifies the elements that emphasize, in a tridimensional way, the internal audit. The steps of the reaserch take into consideration a synthesis of the materials published by the national and international accounting standards, by professional bodies, papers on this theme proposed for debat, as well as materials of the economic entities.
SSRN Electronic Journal, 2000
Globalization has polarized the world, transforming the economic landscape. Geography is obsolete... more Globalization has polarized the world, transforming the economic landscape. Geography is obsolete, financial flow increases everywhere at both national and global level, covering geographic regions that are a world apart, and economic entities have set as their primary objective ...
Journal of Knowledge Management, Economics, and Information Technology, 2014
The scientific steps taken by the authors emphasize the importance of higher education financing ... more The scientific steps taken by the authors emphasize the importance of higher education financing by the diversification of financing sources and their correlation with the social dimension. Besides the analysis of the social dimension concept, the research also approaches its application by opening the opportunities offer for more members of society to be involved in the higher education system. Furthermore the authors of the research present some financing models, pointing out the performance based models for encouraging the objectives of the social dimension. In this context a diversification of the financing mechanisms for higher education is clearly necessary considering access increase and completion for this type of education corroborated with the social dimension.
Globalization is the key concept of the 21st century. Although the term in itself is vaguely defi... more Globalization is the key concept of the 21st century. Although the term in itself is vaguely defined and it is used with different meanings, we could talk about a real "cult of globalization". The term globalization is nowadays present in the speeches of nearly all statesmen or high officials of international organizations, and suffers various mutations according to the pursued objectives. It can be stated that globalization is viewed as a new and complex configuration, a transformation of historical proportions, challenging traditional concepts such as the national state, the national borders, rendering the classical economics theory obsolete. Beyond the interesting aspect of this concept, globalization affects us all, directly or indirectly. Therefore, a synthesis of the most interesting views upon the topic is needed, without launching a pro and con dispute. There is more an attempt of highlighting the different facets of this concept.
Globalization is the key concept of the 21st century. Although the term in itself is vaguely defi... more Globalization is the key concept of the 21st century. Although the term in itself is vaguely defined and it is used with different meanings, we could talk about a real "cult of globalization". The term globalization is nowadays present in the speeches of nearly all statesmen or high officials of international organizations, and suffers various mutations according to the pursued objectives. It can be stated that globalization is viewed as a new and complex configuration, a transformation of historical proportions, challenging traditional concepts such as the national state, the national borders, rendering the classical economics theory obsolete. Beyond the interesting aspect of this concept, globalization affects us all, directly or indirectly. Therefore, a synthesis of the most interesting views upon the topic is needed, without launching a pro and con dispute. There is more an attempt of highlighting the different facets of this concept.
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
ABSTRACT The importance of understanding the complex mechanism of inflation and its main generati... more ABSTRACT The importance of understanding the complex mechanism of inflation and its main generating and amplifying factors justifies the attention and continuous focus maintained by experts, financial institutions, authorities and the independent analysts, especially in developing countries. Inflation is the main imbalance factor that Romanian economy faced during the last 16 years. Despite the positive evolution in the near past, this country is still the one with the highest inflation level among countries during the transition period. Only at the end of 2005 did Romania reach a single digit inflation rate - 8.6 percent, according to the NBR most recent report.The main reasons for this delay are: the late prices' liberalization, compared to the other countries, the inconsistency in the economic programs and the relatively late start of NBR in the strategy of competitive disinflation and re-monetization of the economy using intermediary targets. This type of monetary policy continued until July 2005. Starting August 2005, NBR initiated the inflation targeting, which implies: the public announcement of a quantitative inflation target; the price stability set as main goal of monetary policy (ideally the central bank law should define price stability as primary objective); a wide set of information and good macroeconomic data; the technical capacity of NBR to forecast inflation; the ability to set monetary instruments at levels consistent with the inflation target; an increased level of transparency. This strategy will be applied in Romania until the ERM II, after EU joining, because the NBR has considered inflation targeting to be the most appropriate medium term monetary policy framework. As we know, the adoption of Euro requires countries to participate in the ERM II for two years and meeting the set Maastricht criteria:* Inflation - lowest 3 EU members plus 1.5 percent during one year (approximately 2.3 percent);* Fiscal deficit - below 3 percent of GDP;* Public debt - below 60 percent of GDP;* Long-term interest rates - below average of the three low inflation countries plus 2 percent;* Exchange rates - within the EMS band ( /- 15 percent) for 2 years with stability around the central rate.Despite years of reform and relative macroeconomic stability, Romania still faces many challenges before meeting these criteria. It may need a few years before Romania being ready to enter the monetary union, being a long way from fulfilling the inflation target. It is very difficult to reduce the inflation from 8.6 percent to 2.3 percent. The NBR Governor, quote: "We say that we will reach to this level in 2008, but, most probably, we will get there in 2010". The stability of the Currency Board and the relatively low inflation in recent years are likely to make it easier for Bulgaria to enter the ERM II than for Romania, which needs to further stabilize its economy . If is not sufficiently prepared, Romania could postpone the initially set date of 2014 for the switch to European currency.
We can measure the globalisation tendency of financial markets by means ofseveral criteria - the ... more We can measure the globalisation tendency of financial markets by means ofseveral criteria - the degree of financial openness, the degree of financial integration andthe degree of participation in the global financial market. This study aims at analysingthe degree of participation in the global market as a Financial Markets GlobalisationCriterion based on indicators such as the amount of issuing on the international markets,the number of cross listing, the percentage of foreign investments into the GDP etc. Wecan conclude that although we cannot talk about a global financial market yet, theintensity and extent of the cross-border financial activity indicates an evolution in thisdirection. Yet, the process does not have a linear trend.
Journal of Knowledge Management Economics and Information Technology, 2014
... Duca Ioana Titu Maiorescu University Bucharest Faculty of Economic Sciencesioana.duca@utm.ro ... more ... Duca Ioana Titu Maiorescu University Bucharest Faculty of Economic Sciencesioana.duca@utm.ro ... Instead of being a cooperative-type institution, it changed into a super-state decision-making organism, in which the key position is held by the USA. ...
The Economics of the firm is affecting in the latest year of a changing perspective, from the fir... more The Economics of the firm is affecting in the latest year of a changing perspective, from the firm like production function and market actor to internal organization of the firm. Producing suppose resource allocation by the entrepreneurs or/and managers and cooperation between individuals inside the firm. The existence of the firm like institution implies transaction costs, agency costs, the costs of creating incitation and the costs of reducing flexibility. In addition, the existence of the corporations modifies the costs of transaction and acts like a catalyst for the creation and developments of the other firms.
According to the OECD, corporate governance is the system by means of which companies are managed... more According to the OECD, corporate governance is the system by means of which companies are managed and controlled. In 1999, the OECD Principles on the Administration of Corporations were approved, and are currently recognized among the 12 pillars of international financial stability, serving as a reference point for compiling a collection of national corporate governance codes. These principles refer to: the rights of shareholders and their protection, the equitable treatment of all shareholders, including the minority and foreign shareholders, the role and rights of stakeholders, the transparency of information and its prompt dissemination, the responsibilities of the Board of Directors and of the executive management. Making efficient use of the resources, a decrease in the cost of capital for companies, increasing the investors' trust by means of a significant diminution in the managers' discretional attitude and the decrease in corruption are the most important benefits o...
This paper is studying the degree of financial independence and decision of local authorities, in... more This paper is studying the degree of financial independence and decision of local authorities, in a number of transition countries in South-Eastern Europe. Our research identified the strengths and weaknesses of public finance reform, for each country, followed by a classification of decentralization in the analyzed area.
Even though globalization tends to minimize the importance of national borders, there is yet a st... more Even though globalization tends to minimize the importance of national borders, there is yet a strong competition ongoing between nations. In this competition, it’s those countries that manage create and develop a series of long-term competitive advantages that eventually thrive. In the case of Romania, the R & D sector could represent a real „engine” of economic development, particularly at
The present scientific work aims at establishing the connection between the sustainability and th... more The present scientific work aims at establishing the connection between the sustainability and the management of public debt both as hot stringent issues, and as strategic components of the state public policies. The authors analyze the relationship between public debt and some macroeconomic variables, by using a model structured on two time periods. Also, the study the same relationship based
SSRN Electronic Journal, 2000
Page 1. Electronic copy available at: http://ssrn.com/abstract=1347624 1 Proceedings of the 16th ... more Page 1. Electronic copy available at: http://ssrn.com/abstract=1347624 1 Proceedings of the 16th AEEE CONFERENCE GHENT 23-26 August 2006 Economics and Business Education in a globalising Europe Investment in human capital and its impact on labour market ...
SSRN Electronic Journal, 2000
ABSTRACT Entities, no matter what operating system they have, private, public, banking, have as a... more ABSTRACT Entities, no matter what operating system they have, private, public, banking, have as a purpose the value adding. The internal audit has its contribution to the achievement of this goal. This research explains the tridimensional approach of the concept of internal audit and identifies the elements that emphasize, in a tridimensional way, the internal audit. The steps of the reaserch take into consideration a synthesis of the materials published by the national and international accounting standards, by professional bodies, papers on this theme proposed for debat, as well as materials of the economic entities.
SSRN Electronic Journal, 2000
Globalization has polarized the world, transforming the economic landscape. Geography is obsolete... more Globalization has polarized the world, transforming the economic landscape. Geography is obsolete, financial flow increases everywhere at both national and global level, covering geographic regions that are a world apart, and economic entities have set as their primary objective ...