THE IMPACT OF MACROECONOMIC VARIABLES
            ON THE BUCHAREST STOCK EXCHANGE

                 Lecturer Phd Flavia Barna, flavia.barna@fse.uvt.ro
           Associate Professor Phd Bogdan Dima, bogdan.dima@fse.uvt.ro
          Associate Professor Phd, Marilen Pirtea, marilen.pirtea@fse.uvt.ro
                       West University of Timişoara, Romania


        Abstract: The evolution of the Bucharest Stock Exchange is influenced by a
number of factors that have a more or less significant impact upon the trend this market
follows. The implementing of stimulating policies in what concerns the development of
the financial market, strictly connected to the development of the national economy,
implies both the awareness of these factors existence as well as the need of evaluating the
impact they have.
        The purpose of the present paper is to identify and quantify the impact of the
macroeconomic variables, such as the inflation rate, interest rate or exchange rate upon
the evolution of the Bucharest Stock Exchange.

      Keywords: stock exchange, macroeconomic variables, inflation rate, interest rate,
exchange rate

       JEL codes: E01, E60, G10