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This paper approaches the relation between the exchange rate volatility and the Romanian exports to the Euro Area. We employ monthly values of the real exports and the standard deviation of the real exchange rate in a Vector Autoregressive model. We find a negative and weak influence of the...
Persistent link: https://www.econbiz.de/10013096938
This paper examines the changes induced by the actual financial crisis in the dynamic relation between the currency rates and the differentials of the interest rates from Romania and euro area. In the framework of the Uncovered Interest Rate Parity hypothesis we apply the Vector Autoregressive...
Persistent link: https://www.econbiz.de/10013099872
After the fall of communist regime the Romanian current account passed from exceeds to substantial and persistent deficits. This evolution raised concerns over the country external sustainability. Since 2007, in the Romanian foreign trade dramatic changes occurred, being induced by the adhesion...
Persistent link: https://www.econbiz.de/10013083772
Romanian version is available at: 'https://ssrn.com/abstract=3110875' https://ssrn.com/abstract=3110875This paper investigates the Eurozone current account sustainability by using unit root tests and cointegration techniques. The results indicate there is no cointegration between the credit and...
Persistent link: https://www.econbiz.de/10012940283
In this paper we approach the impact of the exchange-rate volatility on the Romanian exports to the Euro Area. We employ a Vector Autoregressive model and Granger Causality tests to identify the interactions between the two variables. We connect the fact that main Romanian exporters are branches...
Persistent link: https://www.econbiz.de/10013110950