 EXCHANGE RATE EVOLUTION IN ROMANIA - EFFECTS ON THE FINANCIAL-MONETARY MARKETStudii Financiare (Financial Studies), 2016, vol. 20, issue 4, 17-36 Abstract: In this article I analyze if the evolution of the RON/EUR and RON/USD exchange rates, in the period 1990-2015, has been characterized by volatility or by stability. I also study the relationship between the evolution of the exchange rate of the national currency and some of the Romanian financial-monetary market indicators. The results obtained show that both the RON/EUR and RON/USD exchange rates were stable after 2004, and, therefore, they didn’t generate tensions on the financial-monetary market in Romania. The evolution of the national and international economic and political factors (the crisis, the speculations, the distrust of investors, the policy interest rate and the exchange rate policy) has influenced the behaviour of the Romanian national currency. The analysis shows that mostly the monetary market tensions have influenced the evolution of the exchange rate of the national currency rather than vice versa, because the volatility of the exchange rate has appeared after 2004, only on the short-term, not as a general trend. Keywords: national currency; interest rate policy; stability; evolution; influence; fluctuation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:20:y:2016:i:4:p:17-36 Access Statistics for this article More articles in Studii Financiare (Financial Studies) from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC. |
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