Estimating the exchange rate in the context of Romania's integration in the Eurozone

Laura Mădălina Pîrşcoveanu
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Laura Mădălina Pîrşcoveanu: Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2016, vol. XXIII, issue 2(607), Summer, 249-258

Abstract: In this article I want to elaborate a case study on for estimating the equilibrium exchange rate in the context of Romania’s accession to the Eurozone. This paper reveals an econometric model between real exchange rate and its determining factors based on the methodology BEER. I started this study because currently the challenge for Romania is joining ERM II and hence the Economic and Monetary Union. Given the exchange rate volatility and the implications it may have on the Romanian economy, it is important to determine whether or not there were internal devaluations.

Keywords: currency; ERM II; optimum currency area; exchange rate undervalued/overvalued; the trade openness. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxiii:y:2016:i:2(607):p:249-258

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