THE INFLUENCE OF ECONOMIC CONDITIONS IN ROMANIA ON THE RELATION BETWEEN INFLATION AND THE RON EXCHANGE RATE

Carmen TODERASCU (sandu)
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Carmen TODERASCU (sandu): Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, Iasi, Romania

Journal of Public Administration, Finance and Law, 2014, vol. 5, issue 5, 221-228

Abstract: The exchange rate is a factor that influences economy and is used by some countries to correct certain disequilibria that occurred as a result of the financial crisis which affected many countries that were previously considered to be infallible. The negative effects of the financial crisis can be found in the decrease of the volume of goods involved in international commercial exchanges as a result of the drop in net exports and gross domestic product. The exchange rate regime in Romania is pegged float and the Central Bank intervenes to support the RON exchange rate since significant changes in the exchange rate of a currency �are not good to a small and exposed economy such as Romania�s one�.

Date: 2014
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