Working Papers
How do we secure our Future? About well-being and welfare state, co-author, 2022, CFA Society Romania, Romanian
Budget Consolidation and Higher Fiscal Revenues - A Vital Need for Romania's Stability and Economic Security, co-author, 2022, Romanian Fiscal Council, Romanian, English
Currency Markets Models. A Romania Case Study Application, Adrian Codirlasu and Adrian Mitroi, Economic computation and economic cybernetics studies and research / Academy of Economic Studies, December 2020 English
The Future of Pension System in Romania Co-author of CFA Society Romania white paper on Romanian pension system, February 2020
Viitorul sistemului de pensii din Romania, Co-author of CFA Society Romania white paper on Romanian pension system, December 2019, Paper and Conference presentations
Mentions in the media:
Cotidianul: De ce nu va fi sustenabil sistemul de pensii peste 15 ani; May 26, 2021
Playtech.ro: Ce pensie primești dacă ai salariu mediu pe economie. Ce trebuie să știi ca să ai bani la bătrânețe; December 9, 2020
Voxbiz.ro: Atenție pensionari! Ce pensie puteți încasa dacă ați bifat 35 de ani de muncă și ați avut un salariu mediu. Cum aflați pensia corectă; November 20, 2020
Jurnalul.ro: Apocalipsa majorării pensiilor; July 24, 2020
Antena3.ro: Ce pensie veţi avea la un salariu lunar de 4.000 de lei net; July 10, 2020
Playtech.ro: Ce pensii vor avea românii după 35 de ani de muncă. Suma primită va fi foarte mică; July 10, 2020
Adevarul.ro: Banii din Pilonul II nu sunt soluţia pentru creşterea pensiilor de stat; July 9, 2020
Project-E.ro: Socialism pe bani publici. Se uită un „amănunt”, banii din Pilonul 2 sunt ai noștri. Interzis a vira la stânga; July 3, 2020
Money.ro: Revolta unui sef din BNR: ”Socialism pe bani publici”; June 19, 2020
Contributors: De ce nu își permite Romania o creștere cu 40% a punctului de pensie; January 26, 2020
Hotnews: ANALIZA De ce nu își permite Romania o creștere cu 40% a punctului de pensie; January 26, 2020
Financialmarket.ro: 3 din 4 români consideră că Pilonul II de pensii trebuie menținut. Randamentul mediu anual a fost de 8,35%; January 22, 2020
FinancialIntelligence.ro: APAPR: 30% dintre participanții la Pilonul II de pensii private au acumulat peste 10.000 de lei în contul personal; January 22, 2020
Manager.ro: Doua milioane de participanti la Pilonul II de pensii private au acumulat peste 10.000 de lei in contul personal; January 22, 2020
APAPR: 30% dintre participanții la Pilonul II de pensii private au acumulat peste 10.000 de lei în contul personal; January 22, 2020
Economica.net: O treime dintre participanții la Pilonul II de pensii private au peste 10.000 de lei în contul personal; January 22, 2020
RFI: De ce „70 de ani”; January 13, 2020
Adevarul: Ce pensii vor fi peste 35 de ani; January 12, 2020
Wall-Street.ro: De ce sa ignori pensia publica si sa cauti venituri alternative: 10 reguli de urmat pentru a obtine independenta financiara; January 8, 2020
Republica.ro: Răspunsul cinic pe care-l da acest grafic la întrebarea pe care si-o pune generația care astăzi are 20 de ani: Cine-mi va plati mie pensia?; December 15, 2019
Wall-Street.ro: CFA Romania: Guvernul PSD a vrut sa pregateasca iesirea administratorilor de pensii private din piata; December 13, 2019
Profit.ro: CFA Romania: Este clar ca statul nu va putea să asigure pensionarilor pe termen lung un trai decent. Economisiti din timp!; December 13, 2019
Mediafax.ro: Studiu: Administratorii pensiilor private au pierdut 34 milioane lei, in primele 6 luni din 2019; December 13, 2019
Hotnews.ro: Studiu: Menținerea contribuției la Pilonul II va aduce mereu o pensie mai mare decât daca ai contribui numai la sistemul public de stat; December 13, 2019
Ziarul Fiannciar: Ce pensie va avea un român cu salariul mediu pe economie, care a cotizat timp de 35 de ani la bugetul de pensii. Ce pensie veti avea la un salariu lunar de 4.000 de lei net; December 20, 2019
RFI: Pensie de stat si pensie privata; December 16, 2019
Adevarul.ro: Economisti: contributiile la pensiile private trebuie să fie mai mari decât cele la stat. Decreteii vor sufoca sistemul public de pensii; December 16, 2019
BankingNews.ro: PENTRU PRIMA DATA ÎN ULTIMII 7 ANI, ADMINISTRATORII DE PENSII PRIVATE PILON II AU PIERDUT BANI; December 13, 2019
APAPR: CFA 2019 Viitorul sistemului de pensii din România; December 13, 2019
FinancialMarket.ro: Cum arata viitorul sistemului de pensii din Romania?; December 15, 2019; December 13, 2019
Financial Intelligence: CFA România: Administratorii de fonduri private de pensii au înregistrat pierderi de 34 milioane lei, în primele sase luni ale anului; December 16, 2019
Radio Europa Libera, Saga OUG 114: cum a fost oprit „asaltul” asupra economiei; December 23, 2019
Ziare.com: CFA Romania: Este clar ca statul nu va putea sa asigure pensionarilor pe termen lung un trai decent. Economisiti din timp!; December 14, 2019
Orange.ro: Studiu: Administratorii pensiilor private au pierdut 34 milioane lei, in primele sase luni din 2019; December 13, 2019
Diacaf: Studiu: Menținerea contribuției la Pilonul II va aduce mereu o pensie mai mare decât daca ai contribui numai la sistemul public de stat; December 13, 2019
Capital.ro: Dezastru de proporții! S-a pierdut o sumă mare de banii: E vorba de pensii; December 14, 2019
Capital.ro: Dezastru pentru viitorii pensionari! Câți bani vor primi după 35 de ani de cotizare; December 23, 2019
Playtech.ro: Lovitura pentru românii cu salariul mediu pe economie. Cât vor primi la pensie, după 35 de ani de cotizare; December 22, 2019
EvenimentulZilei: Apocalipsa pensiilor! Adevărul dureros: Daca nu esti „special”, primesti cel mult 32%; December 14, 2019
StiripeSurse: Premieră NEGATIVĂ în România: 2019 e PRIMUL an în care administratorii de pensii private au pierdut bani; December 14, 2019
Kanal D: Ce pensie va avea la batranete un roman care castiga acum 4.000 de lei; December 23, 2019
LegislatiaMuncii.ro: PILONUL II NE AJUTA SA AVEM PENSII MAI MARI DECAT CELE VENITE DOAR DE LA STAT; December 21, 2019
Ziarelive.ro: CFA Romania: Guvernul PSD a vrut sa pregateasca iesirea administratorilor de pensii private din piata; December 21, 2019
EVZ: Bomba pentru tineri. Ce întâmpla cu pensia lor? Problema despre care nimeni nu vorbește; December 26, 2019
RomaniaTV: Ce pensie va avea un român cu salariul mediu pe economie, care a cotizat timp de 35 de ani la bugetul de pensii; December 21, 2019
Piata Valutara 2008 - 2018, Co-Author of the Chapter, included in the AAFBR Book "România după 10 ani Realizări, eşecuri, perspective economice", November 2018, Romanian Presentation Romanian
Re-visiting the Balassa-Samuelson Effect for Romania, article in the AAFBR newsletter No. 7, October 2018
New Global Market Infrastructure for Trading Derivatives Instruments, article in Central Bank Journal of Law and Finance, Year 1, No. 1, 2014, National Bank of Romania
Lending, economic growth and nonperforming loans: empirical evidences from the new EU member states, Bogdan Moinescu and Adrian Codirlasu, 2013, Working Paper, Project "PN-II-ID-PCE-2011-3-1054 - Uncertainty, Complexity and Financial Stability", finsys.rau.ro
Analysing dynamics of risk aversion in FX market using the Heston volatility model, Alex Alupoaiei, Adrian Codirlasu and Ana-Maria Sandica, 2011, Working Paper, Project "PN-II-ID-PCE-2011-3-1054 - Uncertainty, Complexity and Financial Stability", finsys.rau.ro
Assessing the Sectoral Dynamics of Nonperforming Loans: Singns from Financial and Real Economy, Nov. 2011, Bogdan Moinescu and Adrian Codirlasu, paper defended at the conference "Conceptual Framework of Post-Crisis Economics", Faculty of Economics, Academy of Economic Studies, Bucharest, published in Theoretical and Applied Economics Journal 2/2012 Presentation Romanian Romanian English
Determinants of Households' Overdue Loans in Romania, September 2011, Bogdan Moinescu and Adrian Codirlasu, paper published in "Informatica Economica" Vol. 15, No. 2/2011
Households’ overdue loans: signs from the money and labor markets, Apr. 2011, Bogdan Moinescu and Adrian Codirlasu, paper defended at the Symposium on Financial Stability organized by Romanian-American University, DOFIN, CFA Romania and AAFBR, April 2011, at the Tenth International Conference on Informatics in Economy, Academy of Economic Studies, Bucharest, May 2011 and at CFA Romania Investments Day @ FIAR, May 2011 Presentation English Presentation Romanian
Assessing Credit Discipline of Individuals in Romania, Apr. 2011, Bogdan Moinescu and Adrian Codirlasu, paper defended at the Symposium on Financial Stability organized by Romanian-American Unversity, DOFIN, CFA Romania and AAFBR, April 2011 Presentations English
Hard Landing to Rational Economics. A Lesson Difficult to Learn, May 2010, Adrian Codirlasu and Adrian Mitroi presentation at the CFA Investments Day, at International Insurance-Reinsurance Forum, FIAR 2010, Sinaia, Romania Romanian Presentation in Romanian Presentation in English
The Link between Equilibrium Exchange Rate and Current Account Deficit, Sep. 2008, Alexandru Chidesciuc, Nicolaie and Adrian Codirlasu - paper defended at the National Bank of Romania "Young Economists" research conference, Sep. 2008, Romanian Presentation Romanian
Managing Financial Risks, PhD Thesis defended in Oct. 2007 Summary in Romanian Summary in English Thesis in Romanian Presentation in Romanian Applications in Romanian
Legal Aspects of Banking Lending Operations, Graduation thesis for BA in Law, defendend in Feb. 2006
Using Derivatives for Hedging Credit Risk, paper defended at the Financial Research Session held by the Doctoral School of Finance and Banking, Academy of Economic Studies, Bucharest, Romania, Nov. 2005 Romanian
Credit Risk Management, Oct., 2005 Romanian
Determinants of Financial Crises and Early Warning Systems, Jun. 2005 Romanian
Exchange Rate Models, Feb. 2005 Romanian
Codirlasu, Adrian, Nicolaie Alexandru Chidesciuc, Estimating the Balassa-Samuelson Effect for Romania - paper defended at the National Bank of Romania "Young Economists" research conference, Sep. 2004, at the Monetary and Financial Research Session held by the Doctoral School of Finance and Banking, Academy of Economic Studies, Bucharest, Romania, Nov. 2004 and at Deutsche Bundesbank Research Conference, Frankfurt am Main, Germany, Feb. 2005 Romanian English
Early Warning Systems for Financial Crises, paper defended at the research session organized by the National Institute of Economic Research of The Romanian Academy in Dec. 2002, and at the Monetary and Financial Research Session organized by the Doctoral School of Finance and Banking in Nov. 2003 Romanian
Co-author of research paper "Direct Inflation Targeting: A New Monetary Policy Strategy for Romania", Cristian Popa, coordinator, Surica Rosentuler, Elena Iorga, Wilhelm Salater, Daniela Sasu, Adrian Ionut Codirlasu, published as National Bank of Romania's Occasional Paper no. 1 (in English) and Working Paper Series no. 10 (in Romanian), Apr. 2002, www.bnro.ro Romanian English
Valuating the volatility of the ROL/USD rate using ARCH and GARCH modelling - paper defended at the Monetary and Financial Research Session organized by the Doctoral School of Finance and Banking, Nov. 2001 Romanian
Testing for the Informational Efficiency of the Romanian Capital Market - Dissertation Paper defended in Jun. 2000, published on the Doctoral School of Finance and Banking website: www.dofin.ase.ro Romanian English Abstract
Fractal Market Hypothesis - Article published in the "Economistul" magazine No. 527 in Jan. 2000 Romanian
Comparative Analysis of Techniques for Valuating Financial Instruments, Graduation Thesis for BA in Finance, defended in Aug. 1999
Fractal Market Hypothesis - Article defended at Students Scientific Research Session in Apr. 1999, awarded with Third Prize