Project "PN-II-ID-PCE-2011-3-1054 - Uncertainty, Complexity and Financial Stability"
1. BOOKS and BOOK CHAPTERS
1. Alt?r, M., Necula, C., Bobeic?, G., (2013), “Fiscal Policy and Economic Growth in Central And Eastern European Countries”, in Socol C. (ed), Emerging Macroeconomics. Case studies - Central and Eastern Europe, Nova Science Publishers Inc., New York, 2013, pp 1-16 (Chapter 1), ISBN 978-162-25-7354-7
https://www.novapublishers.com/catalog/product_info.php?products_id=36468
2. Necula, C., Radu, A-N., (2013), “The Dependency Structure of Stock Market Returns in Central and Eastern European Countries”, in Socol C. (ed), Emerging Macroeconomics. Case studies - Central and Eastern Europe, Nova Science Publishers Inc., New York, 2013, pp 33-56 (Chapter 3), ISBN 978-162-25-7354-7
https://www.novapublishers.com/catalog/product_info.php?products_id=36468
3. Anghelache, G-V., Radu, A-N., (2013), “Portfolio Selection Under Downside Risk Constraints in Central and Eastern European Emerging Markets” in Socol C. (ed.), Emerging Macroeconomics. Case studies - Central and Eastern Europe, Nova Science Publishers Inc., New York, 2013, pp 57-80 (Chapter 4), ISBN 978-162-25-7354-7
https://www.novapublishers.com/catalog/product_info.php?products_id=36468
4. Hasan, I., Altar, M. (eds.), ”Financial Markets and Business Cycles: Uncertainty And Complexity”, Editura PRO UNIVERSITARIA, Bucuresti, 2015, ISBN: 978-606-26-0478-3
5. Hasan, I., Altar, M. (eds.),”Systemic Risk and Sustainable Growth”, Editura PRO UNIVERSITARIA, Bucuresti, 2014, ISBN: 978-606-26-0165-2
6. Hasan, I., Altar, M. (eds.), ”Financial Stability”, Editura PRO UNIVERSITARIA, Bucuresti, 2013, ISBN: 978-606-647-830-4
7. Hasan, I. Karlberg, J.G., Liu, C. H., Sun X., (2014), ”Mergers and Target Transparency”, în Ferris, S.P., John, K., Makhija, A. K. (ed.), ”Corporate Governance in the US and Global Settings (Advances in Financial Economics, Volume 17), Emerald Group Publishing Limited, pp.193 – 227, ISBN: 978-1-78441-292-0 http://www.emeraldinsight.com/doi/epub/10.1108/S1569-373220140000017001
2. ARTICLES PUBLISHED IN SCIENTIFIC JOURNALS
1. Sima-Grigore, A., Sima A., (2011), ”DISTANCE TO DEFAULT ESTIMATES FOR ROMANIAN LISTED COMPANIES,” The Review of Finance and Banking, Vol. 3, Issue 2, pp. 095—110
http://www.rfb.ase.ro/articole/P3.pdf
2. Necula, C., Radu, A-N., (2012), ”QUANTIFYING THE RECAPITALIZATION FUND PREMIUM USING OPTION PRICING TECHNIQUES,” Economics Letters, Vol. 114, Issue 3, pp. 249 – 251, DOI:10.1016/j.econlet.2011.11.002
http://www.sciencedirect.coms/cience/article/pii/S0165176511004538
3. Francis, B., Hasan, I., Wu, Q., (2012), ”DO CORPORATE BOARDS MATTER DURING THE CURRENT FINANCIAL CRISIS?,” Review of Financial Economics, Vol. 21, Issue 2, pp. 39-52, DOI: 10.1016/j.rfe.2012.03.001
http://www.sciencedirect.com/science/article/pii/S1058330012000109
4. Necula, C., Radu, A-N., (2012), ”A WORLDWIDE ASSESSMENT OF BANK RESOLUTION FUND PREMIUMS,” Procedia - Social and Behavioral Sciences, Vol. 62, October 2012, pp. 1001–1005
http://www.sciencedirect.com/science/article/pii/S1877042812036117
5. Radu, R., (2012) , ”AN ESTIMATED MODEL WITH MACRO–FINANCIAL LINKAGES FOR THE ROMANIAN ECONOMY”, Metalurgia International, Vol. XVII, Issue 6, pp. 138-146
http://www.metalurgia.ro/Metalurgia_International_6_2012.pdf
6. Sima, A., (2012), ”CONCENTRATION RISK ESTIMATION UNDER THE INTERNAL CAPITAL ADEQUACY ASSESMENT PROCESS,” Metalurgia International, Vol. XVII, Issue 2, pp. 124 -126
http://www.metalurgia.ro/Metalurgia_International_2_2012.pdf
7. Grigore, A., (2012), “STRESS TEST WITH MACROECONOMIC FACTORS”, Metalurgia International, Vol. XVII, Issue 2, pp. 110-112
http://www.metalurgia.ro/Metalurgia_International_2_2012.pdf
8. Yao, Y., Yang, R., Liu, Z., Hasan I., (2013), ”GOVERNMENT INTERVENTION AND INSTITUTIONAL TRADING STRATEGY: EVIDENCE FROM A TRANSITION COUNTRY”, Global Finance Journal, Vol. 24, Issue 1, pp. 24-68, DOI: 10.1016/j.gfj.2013.03.003
http://www.sciencedirect.com/science/article/pii/S1044028313000045
9. Neagu, F., Mihai, I., (2013), ”SUDDEN STOP OF CAPITAL FLOWS AND THE CONSEQUENCES FOR THE BANKING SECTOR AND THE REAL ECONOMY”, European Central Bank Working Paper Series, Vol. 1591, pp. 1-21
http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1591.pdf
10. Costeiu, A., Neagu, F., (2013), “BRIDGING THE BANKING SECTOR WITH THE REAL ECONOMY - A FINANCIAL STABILITY PERSPECTIVE”, European Central Bank Working Paper Series, Vol. 1592, pp. 1-21
http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1592.pdf
11. Altar, M., Ifrim, A., Altar-Samuel,A.,N., “Eastern Europe in the World Economy: A Global VAR Analysis”, Romanian Journal of Economic Forecasting, Vol. 18, Issue 3, October 2015, pp. 5-26, ISSN 1582-6163, revista ISI
http://www.ipe.ro/rjef/rjef3_15/rjef3_2015p5-26.pdf
12. Altar, M., Cramer, A-A., Altar-Samuel, A.,N.,“Sovereign Financial Asset Market Linkages across Europe during the Eurozone Debt Crisis”, Romanian Journal of Economic Forecasting, Vol. 18, Issue 4, December 2015, pp. 29-49, ISSN 1582-6163, revista ISI
http://www.ipe.ro/rjef/rjef4_15/rjef4_2015p29-49.pdf
13. Francis, B., Guptaa, A., Hasan, I., ”Impact of compensation structure and managerial incentives on bank risk taking”, European Journal of Operational Research, Vol. 242, Issue 2, April 2015, pp. 651–676, revista ISI
http://www.sciencedirect.com/science/article/pii/S0377221714008522
14. Hasan, I., Massoudc, N., Saunders, A., Songe, K., ”Which financial stocks did short sellers target in the subprime crisis?”, Journal of Banking & Finance, Vol. 54, May 2015, pp. 87–103, revista ISI
http://www.sciencedirect.com/science/article/pii/S0378426614004026
15. Hasan, I., Siddique, A., Sun, X., ”Monitoring the ‘‘Invisible’’ Hand of Market Discipline: Capital Adequacy Revisited”, Journal of Banking & Finance, Vol. 50, January 2015, pp. 475-492, revista ISI
http://www.sciencedirect.com/science/article/pii/S0378426614001125
16. Francis, B.B., Hasan, I., Song, L., Yeung, B., ”What Determines Bank-Specific Variations in Bank Stock Returns? Global Evidence”, Journal of Financial Intermediation, Vol. 24, Issue 3, July 2015, pp. 312-324, revista ISI
http://www.sciencedirect.com/science/article/pii/S1042957314000369
17. Coculescu. C., Altar-Samuel, A.N., ”Aspects Concerning Nonlinearity in Econometric Modeling”, Journal of Information Systems & Operations Research, Vol. 9, Issue 1, May 2015, pp. 72-82, revista BDI
http://www.rebe.rau.ro/RePEc/rau/jisomg/SU15/JISOM-SU15-A7.pdf
18. Altar, M., ”Complexity, Uncertainty and Systemic Risk: A Survey”, Central Bank Journal of Law and Finance, Vol. 2, Issue 1, December 2015, pp. 3-48, ISSN 2392 – 9723, revista în curs de indexare, editata de Banca Na?ionala a României.
19. Fang, Y., Hasan, I., Marton, K., (2014), ”Institutional Development and Bank Stability: Evidence from Transition Countries”, Journal of Banking and Finance, Vol. 39, February 2014, pp. 160-176, ISSN 0378-4266, revista ISI, DOI: 10.1016/j.jbankfin.2013.11.003
http://www.sciencedirect.com/science/article/pii/S0378426613004160
20. Hasan, I., Song, L., Wachtel, P., (2014), ”Institutional Development and Stock Price Synchronicity: Evidence from China”, Journal of Comparative Economics, Vol. 42, Issue 1, February, 2014, pp. 92-108, ISSN 0147-5967, revista ISI, DOI: 10.1016/j.jce.2013.07.006
http://www.sciencedirect.com/science/article/pii/S014759671300108X
21. Fang, Y., Hasan, I., Marton, K., Waisman, M., (2014), ”Bank Valuation in New EU Member Countries”, Economic Systems, Vol. 38, Issue 1, March 2014, pp. 55–72, ISSN 093-3625 revista ISI, DOI: 10.1016/j.ecosys.2013.07.002
http://www.sciencedirect.com/science/article/pii/S0939362513000800
22. Francis, B., Hasan, I., Sun, X., Waisman, M., (2014), ”Can Firms Learn by Observing? Evidence from Cross-Border M&As”, Journal of Corporate Finance, Vol. 25, April 2014, pp. 202–215, ISSN 0929-1199 , revista ISI, DOI: 10.1016/j.jcorpfin.2013.11.018
http://www.sciencedirect.com/science/article/pii/S0929119913001259
23. Francis, B., Hasan, I., Wang, H., (2014), ”Banking Deregulation, Consolidation, and Corporate Cash Holdings: U.S. Evidence”, Journal of Banking & Finance, Volume 41, Issue 1, April 2014, pp. 45–56, ISSN 0378-4266, revista ISI, DOI: 10.1016/j.jbankfin.2013.12.018
http://www.sciencedirect.com/science/article/pii/S0378426613004901
24. Shen, C.H., Hasan, I., Lin, C.Y., (2014), ” The Government’s Role in Government-owned Banks”, Journal of Financial Services Research, Vol. 45, Issue 3, June 2014, pp. 307-340, ISSN 0920-8550, revista ISI, DOI: 10.1007/s10693-013-0168-0
http://econpapers.repec.org/article/kapjfsres/v_3a45_3ay_3a2014_3ai_3a3_3ap_3a307-340.htm
25. Hasan, I., Hoi, C.K., Wu, Q., Zhang, H., (2014), ”Beauty Is in the Eye of the Beholder: The Effect of Corporate Tax Avoidance on the Cost of Bank Loans”, Journal of Financial Economics, Vol. 113, Issue 1, July 2014, pp. 109-130, ISSN 0304-405X, revista ISI, DOI:10.1016/j.jfineco.2014.03.004
http://www.sciencedirect.com/science/article/pii/S0304405X14000464
26. Delis, M., Hasan, I., Tsionas, E., (2014), ”The Risk of Financial Intermediaries”, Journal of Banking & Finance, Vol. 44, July 2014, pp. 1–12, ISSN 0378-4266, revista ISI, DOI:10.1016/j.jbankfin.2014.03.024
http://www.sciencedirect.com/science/article/pii/S0378426614001071
27. Delis, M., Hasan, I., Kazakis, P., (2014), ”Bank Regulations and Income Inequality: Empirical Evidence”, Review of Finance, Vol. 18, Issue 5, August 2014, pp. 1811-1846, ISSN 1572-3097, revista ISI, DOI: 10.1093/rof/rft039
http://rof.oxfordjournals.org/content/18/5/1811
28. Altar, M., Altar-Samuel, A.N., Marcu, I., ”Measuring Systemic Risk Using Contingent Claims Analysis (CCA)”, Romanian Journal of Economic Forecasting, Issue 4, December 2014, pp. 22-48, ISSN 1582-6163, revista ISI
http://www.ipe.ro/rjef/rjef4_14/rjef4_2014p22-48.pdf
3. ARTICLES IN PRESS
1. Necula, C., (2012), “CURRENCY OPTION PRICING IN A TWO-COUNTRY GENERAL EQUILIBRIUM MODEL WITH JUMPS”, submitted, Journal of Futures Markets
2. Sima, A., Sima-Grigore, L.A., (2012), ”DEFAULT CORRELATION ESTIMATES FOR ROMANIA”, submitted, Romanian Journal of Economic Forecasting
3. Alt?r, M., Samuel, J., Alt?r-Samuel, A.N., (2013),”SYSTEMIC RISK AND STABILITY OF FINANCIAL SYSTEM”, submitted, Romanian Journal of Economic Forecasting
4. Mititelu, B.O., (2013), ”AN ESTIMATED DSGE MODEL WITH FINANCIAL AND UNEMPLOYMENT FRICTIONS FOR THE ROMANIAN ECONOMY”, submitted, Romanian Journal of Economic Forecasting
4. PAPERS PRESENTED AT INTERNATIONAL CONFERENCES
1. Hasan, I., (2012), ”HETEROGENEITY OF CEO SOCIAL NETWORKS AND FIRM VALUE”, Keynote Speaker, 10th Infiniti Conference on International Finance - ”International Finance Towards 2020: Will The Next 10 Years Be Different ?”, Dublin, Irlanda
http://infiniticonference.files.wordpress.com/2012/09/infiniti-2012-programme-v4.pdf
2. Alt?r, M., Samuel, J., Alt?r-Samuel, A.N.,(2012) , „SOVEREIGN RISK, SYSTEMIC RISK AND FINANCIAL SYSTEM STABILITY”, 73rd International Atlantic Economic Conference, Istanbul, Turcia
https://iaes.confex.com/iaes/73am/webprogram/Paper8071.html
3. Alt?r, M., Samuel, J., Alt?r-Samuel, A.N., (2012) , “EXTERNAL DEBT, PUBLIC DEBT AND ECONOMIC GROWTH“, Eurasia Business and Economics Society (EBES) - 2012 Warsaw Conference, Var?ovia, Polonia
http://www.ebesweb.org/Conferences/Recent/EBES-2012-Conference-Warsaw.aspx
4. Jakubik, P., Moinescu, B-G., (2012), “ASSESSING OPTIMAL CREDIT GROWTH FOR AN EMERGING BANKING SYSTEM”, 10th Infiniti Conference on International Finance - ”International Finance Towards 2020: Will The Next 10 Years Be Different ?”, Dublin, Irlanda
http://infiniticonference.files.wordpress.com/2012/09/infiniti-2012-programme-v4.pdf
5. Alt?r, M., Samuel, J., Alt?r-Samuel, A.N., (2012), ”A STUDY OF SOVEREIGN RISK, USING CONTINGENT CLAIMS ANALYSIS”, World Finance & Banking Symposium - “Asian Finance & Banking”, Shanghai, China
http://www.world-finance-conference.com/sites/default/files/proceding%20with%20ISBN.pdf; http://world-finance-conference.com/papers_wfc/379.pdf
6. Necula, C., Radu, A-N, (2012), ”A WORLDWIDE ASSESSMENT OF BANK RESOLUTION FUND PREMIUMS”, World Conference on Business, Economics and Management (BEM-2012), Antalya, Turcia
http://www.sciencedirect.com/science/article/pii/S1877042812036117
7. Alt?r, M., Samuel, J., Alt?r-Samuel, A.N., (2013), “COMPLEXITY, STABILITY AND CONTAGION IN FINANCIAL NETWORKS”, 75th International Atlantic Economic Conference, Viena, Austria
https://iaes.confex.com/iaes/75am/webprogram/Paper9714.html
8. Bobeic?, G. (2013) “MONETARY POLICY IN CEE COUNTRIES: IS THERE A SIMILAR BEHAVIOR OF THE MONETARY AUTHORITIES?,” 75th International Atlantic Economic Conference, Viena, Austria
https://iaes.confex.com/iaes/75am/webprogram/Paper9479.html
9. Alt?r, M., Samuel, J., Alt?r-Samuel, A.N., (2013), ”STABILITY OF FINANCIAL NETWORKS”, Eurasia Business and Economics Society – 11th EBES Conference Ekaterinburg, Ekaterinburg, Rusia
https://www.ebesweb.org/Portals/0/Documents/Recent/11th%20EBES%20Conference%20-%20Ekaterinburg%20Program.pdf
10. Coculescu, C., Altar-Samuel, A.N., (2015), ”Aspects Concerning Nonlinearity in Econometric Modeling”, 15th EBES Conference – Lisbon, Lisabona, Portugalia. Publicat în volumul ”15th EBES Conference - Lisbon Program and Abstract Book”, ISBN: 978-605-64002-9-2, EBES Publications, 2015
https://www.ebesweb.org/Portals/0/Documents/Recent/15th%20EBES%20Conference%20-%20Lisbon%20Program.pdf
11. Altar, M., Samuel, J., Altar-Samuel, A.N., (2015), ”Systemic risk and economic growth Financial System and Economic Growth”, 79th International Atlantic Economic Conference, Milano, Italia.
https://iaes.confex.com/iaes/79am/webprogram/Paper11456.html
12. Hasan, I., (2015) “Bank enforcement actions and the terms of lending”, 90th SBIF/UDP Conference ”Banking Development, Stability and Sustainability”, Department of Management, Universidad Diego Portales, Santiago de Chile, Chile
http://90thconference.sbif.cl/recursos/docs/pdf/2015-Iftekhar-Hasan_FU.pdf
13. Hasan, I., (2015), Liu, L., Wang, H., ”Trust and Contracting with Foreign Banks: Evidence from China”, Conference on China’s Financial Intermediation, Department of Economics and Finance, City University of Hong Kong, Hong Kong.
https://www.cb.cityu.edu.hk/ef/doc/Conference%20on%20China%E2%80%99s%20Financial%20Intermediation%202015/CFI%20program.pdf
14. Hasan, I., Tsoumas, C., Delis, M., (2014), ”The Income Elasticity of Mortgage Loan Demand: Evidence from Loan-Level US Data”, 13th Conference on Research on Economic Theory & Econometrics, Milos, Creta, Grecia
http://www.aueb.gr/conferences/Crete2014/program14.htm
15. Hasan., I., (2014), ”Politics, Institutions and Innovations”, Keynote speaker, 4th Emerging Scholars in Banking and Finance Conference, Londra, Marea Britanie
http://www.cass.city.ac.uk/news-and-events/conferences/emerging-scholars-in-banking-and-finance-2014/keynote-speech
16. Altar, M., Samuel, J., Altar-Samuel, A.N., (2014), ”Financial System and Economic Growth”, 77th International Atlantic Economic Conference, Madrid, Spania
https://iaes.confex.com/iaes/77am/webprogram/Paper10691.html
17. Altar, M., Bobeica, G., Necula, C., (2014), ”Recent Dynamics of Macroeconomic Volatility in Central and Eastern European Countries”, 78th International Atlantic Economic Conference, Savannah, Georgia, SUA
https://iaes.confex.com/iaes/78am/webprogram/Paper11062.html
18. Hasan, I., (2014), ”25 Years of Transition in Banking: the Role of Institutions”, Keynote speaker, 4th Annual CInSt Banking Workshop "Banking in Emerging Markets: Challenges and Opportunities", Moscova, Rusia
https://cinst.hse.ru/data/2016/09/23/1123688502/Program2016-1.pdf
5. WORKING & DISCUSSION PAPERS
1. Moinescu, B.G., Codirlasu A., (2013) “Lending, economic growth and nonperforming loans: empirical evidences from the new EU member states”
2. Alupoaiei, A., Codirlasu, A., Sandica, A-M., (2011), “Analysing dynamics of risk aversion in FX market using the Heston volatility model“
3. N?stase, S.I., (2013), "Changes in the Transmission Mechanism of Monetary Policy in Romania"
4. Niculae, A., (2013), "Public Debt Sustainability: A Probabilistic Approach - The Case of Romania"
5. Oprea, I., (2013), "Sovereign Risk - Quantification and Analysis"
6. Sultanovici, M., (2013), "Testing the Efficient Markets Hypothesis on the Romanian Stock Exchange"
7. Rusu, D., (2013), "Estimating Fiscal Sustainability"
8. Mocanu, M., (2013), ”Monetary Policy Transmission Mechanism In Romania - A VAR Approach”
6. RESEARCH PAPERS
I. PhD THESES
II. MSc DISSERTATIONS