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Shocks on the Romanian foreign exchange market before and after the global crisis

Ramona Dumitriu and Razvan Stefanescu

MPRA Paper from University Library of Munich, Germany

Abstract: This paper explores some changes induced on the Romanian foreign exchange market by the global crisis. We study these changes from the perspective of number and intensity of the shocks occurred before and after the global crisis. We found some significant differences, explainable not only by the direct effects of the crisis, but also by the intervention of the National Bank of Romania.

Keywords: Romanian Foreign Exchange Market; Shocks; Global Crisis; Monetary Policy; National Bank of Romania (search for similar items in EconPapers)
JEL-codes: G01 G14 G15 (search for similar items in EconPapers)
Date: 2011-06-03, Revised 2012-02-09
New Economics Papers: this item is included in nep-fmk, nep-mon and nep-tra
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Published in New challenges in economics and administration : proceedings of the 3rd international conference in economics and administration : Bucharest, 2011 (2011): pp. 194-199

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