Financial Crises Between the 20th and 21st Centuries

The economic crisis that hit the world economy in the summer of 2007 is unprecedented in postwareconomic history. Although the current crisis has many features in common with past similarrecession episodes. The crisis has been preoccupied with a long period of rapid credit growth, lowrisk premiums, abundance of liquidity, a strong leverage, rising asset prices and bubbledevelopment in the real estate sector. Economic activity is characterized by cyclicality, withperiods of decline being a normal component of an economic cycle. Crises are not a newphenomenon, but over the last 100 years, due to the acceleration of the pace of economicdevelopment and the enormous advances in technology and communications, the frequency of suchphenomena has increased

The Evolution of Households Savings in Romania During 2008-2017

As we all know, savings can be translated from the perspective of income and expenditure differentials, and at the same time it is a very important subject for both economists and other people. Collecting white money for black days," this is one of the popular interpretations for saving, proof that our ancestors have been thinking about this since ancient times. The paper aims to study this saving process, the degree of indebtedness of the population in Romania, which implies the use of appropriate econometric methods. Their choice was made on the basis of the economic theory of the observed phenomenon

Savings in Central Europe

The monetary system is today essential for any economy. The most important components of themonetary system are: money, payment arrangements as well as institutions supporting monetaryflows. The money sign or money is, in principle, a claim, transmissible, arbitrary, with a forced courseand whose essential function is to be able to be exchanged for a certain amount of goods andservices. In society, there are also a number of factors, predominantly of a subjective nature, which candetermine and cause individuals to diminish their consumption expenditures. This is about savingspurpose(saving becomes an end in itself, being considered a means of achieving certain goals) aswell as certain "forced" economies (individuals do not find the desired consumer goods or thedesired quantities and consequently do not have the what they spend their income)

The Role and Importance of the Manager in the Management Process

A leader is the person who goes first, which has the authority to lead, who is number one in aparticular area by excellence or who has the responsibility to do everything possible to get taskssafely to completion in a company. The manager's role is essential in human activity particularly inthe contemporary economic environment, especially when the organization acts in the internationaleconomic environment, particularly running through competitive economic activity in the globalmarket

Considerations Concerning the Redesign of the Management System at the Level of the Organization – Quality Perspective

The success of an organization is achieved by its ability to meet the needs and expectations of itscustomers and other stakeholders in the long term and in a balanced way. Lasting success can beachieved through effective management of the organization, through environmental awareness within theorganization, through learning and applying appropriate improvements, innovations, or both

Comparative Analysis of the Social Assistance System in Romania vs. Hungary

The problems of social assistance are addressed and solved within the national framework of each state, social assistance by its nature having an internal character. Social assistance is being restructured and develops according to the existing situation of the population and the local and regional traditions, but it also takes into account the international regulations. According to the provisions of art. 22 of the Universal Declaration of Human Rights states that any person, in his capacity as a member of society, has the right to social security (social protection) and therefore to social assistance; she is entitled to achieve the economic, social and cultural rights indispensable for her dignity and for the free development of her personality through national effort and international collaboration, taking into account the resources of each country

Analysis of Revenues and Expenditures of a Carrier for a Voyage Charter Trip

Private finance is financial relations which runs between autonomous individuals and legalentities other than the state or public institutions, all as subjects who are under commercial law. Creation and use of financial resources in this area takes place on the basis of revenue andexpenditure drawn up and approved, under their own operation statutes approved and registeredwith state institutions, and the control over how their execution runs and is reported is also statedin the statute

European Fiscal Policy and Taxation System in Italy

The budget of all countries, large or small, developed or developing, are supplied mainly from compulsory levies. Everywhere, so budget revenues is about tax, by compulsory taxes. Collection of these requirements may be: tax (tax on the exact meaning of the word) or para (contributions). It can be seen that the range of fiscal instruments is very wide and, as things stand everywhere, does not seem to stop here. This is because fiscal instruments are less politically risky and more financially profitable. In this regard, the number and size of taxes, there are countries that are part of the so-called tax haven countries and living a true fiscal nightmare

Good practices on ESG reporting in the context of the European Green Deal

The European Green Deal proposes a series of measures to the EU Member States in order to adopt policies on how to use and produce green energy, support new clean technologies, and reduce noise, air and water pollution. The target referring to reducing emissions by at least 50% by 2030 has already strongly impacted Europe on social, economic and environmental levels, as well as the business sector. This study begins by highlighting the importance of complying with social, environmental, and governance reporting of large companies and the banking sector alike in the context of adopting the European Green Deal. Furthermore, we continue by showcasing how the new disclosure requirements and recommendations have been adapted and translated into non-financial ESG reporting (environmental, social, and governance impact of economic activity). Finally, we present a series of best practices in this area. As the present study has revealed the need to improve ESG reporting, good-practice recommendations were identified and formulated