REAL EXCHANGE RATE AND COMPETITIVENESS IN ROMANIA

Ramona Toma ()

Studies in Business and Economics, 2006, vol. 1, issue 1, pages 60-65

Abstract: The real exchange rate is one of the key economic variables determining country’s macroeconomic performance. It reflects international competitiveness of the domestic economy and has a direct impact on country’s export and import development. The equilibrium exchange rate is crucial as it directly influences external competitiveness, especially through export prices. In Romania, the long-run real appreciation of the domestic currency was determined by an improvement in terms of trade and net capital inflows.

Keywords: real exchange rate; equilibrium; external competitiveness (search for similar items in EconPapers)
JEL-codes: E42 F31 (search for similar items in EconPapers)
Date: 2006

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