EUROPEAN JOURNAL OF ACCOUNTING, FINANCE & BUSINESS

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ISSN: 2344 - 102X

ISSN-L: 2344 - 102X



 

Article from Volume 4, Number 2, Year 2016

FACTORING TRENDS ON WORLD ECONOMY
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Author(s): Ana-maria Hlaciuc, Radu Bores
DOI: 10.4316/EJAFB.2016.429
Abstract: Improving and expanding factoring in our country depends largely on the legal and economic provisions regulating this type of business, and also the existence of literature on indigenous targeted these modern business nowadays. Functioning market economy requires the use of both traditional classical instruments of financing and special ones that were created in order to provide the liquidity necessary to conduct economic activities of companies. A special tool is factoring financing. This article aims on the one hand, summarizing the evolution factoring in the global economy, and on the other hand, procedures to harmonize the legislation on factoring operations.
Keywords: Factoring, Harmonization Convention.
References:
Caraiani George - "Factoring In International Trade", Publisher: Lumina Lex, Bucharest, 2004 Factors Chain International 2016
 
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