Exchange Rate - a Tool to Influence Economic Life

Bucur Ion (), Dusmanescu Dorel and Bucur Cristian
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Bucur Ion: “Petroleum-Gas” University of Ploiesti
Dusmanescu Dorel: “Petroleum-Gas” University of Ploiesti
Bucur Cristian: “Petroleum-Gas” University of Ploiesti

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 281-284

Abstract: The exchange rate, the price of a national currency against another currency to which we compare values in certain conditions of time and place, has different influencing factors and various effects over the economic life. Among the influencing factors are the evolution of the national currency demand and supply relation, economic, fiscal and politic stability, interest rate, capital movements, the external commerce situation, long term loans, investments made by a country abroad, etc .In Romania, during the transition years, the leu’s exchange rate has dropped due to factors like exchanging lei deposits to foreign currency one in fear of interest rate lowering, purchase of foreign currency by importers with part of the sums in lei owned, purchase of foreign currency by the National Bank in order to prevent de fast growth of the exchange rate in terms of declining confidence in lei, etc

Keywords: exchange rate; supply and demand relationship; economic stability; balance of payments (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Date: 2011
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