Changes in the monthly effects from the Romanian foreign exchange market

Ramona Dumitriu, Costel Nistor and Razvan Stefanescu

MPRA Paper from University Library of Munich, Germany

Abstract: This paper investigates the systematic patterns displayed by the Romanian Foreign Exchange Market in some months of the year. In our analysis we employ monthly values of the Romanian national currency rates against the United States dollar and the euro. We find that since the Foreign Exchange Market settlement in Romania until present significant changes occurred in the monthly effects. We associate these changes to the new tend in the Romanian foreign trade and to the new monetary strategy of the central bank.

Keywords: Seasonality; Romanian Foreign Exchange Market; Foreign Trade; Monetary Policy (search for similar items in EconPapers)
JEL-codes: G14 G19 (search for similar items in EconPapers)
Date: 2009-11-06, Revised 2010-05-08
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Proceedings of the Challenges for Analysis of the Economy, the Businesses, and Social Progress International Scientific Conference, Szeged, November 19-21, 2009 (2010): pp. 545-562

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/41743/1/MPRA_paper_41743.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:41743

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().