Abstract
The globalisation of financial markets, facilitated by new technology, under which a shock in one region is rapidly transmitted to other centres all over the globe, had ensured that, in less than a year, the USA financial crisis has spread across the continents, including countries that are not so very linked regarding financial markets. The capital market in Romania is a market of shares, bonds market being in a process of development, a phenomenon specific to the countries of Central and Eastern Europe. Unfortunately, the weak integration of our stock exchange on international and European financial market and a poor transparency of the transaction at BSE established a masive turmoil of the BSE activity. In this paper the authors will try to analyse the impact of the USA financial crisis in Romanian Stock Exchange markets, especially the foreign portfolio investment in BSE.