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Exchange rate and foreign exchange market during the pre-accession of Romania to the European Monetary Union

Author

Listed:
  • Jenica POPESCU
  • Dan SICHIGEA

    (University of Craiova)

Abstract

This paper presents the evolution of exchange rate relative to major currencies, especially in 2008-2010 and forecast for 2011 to maintain relatively stable RON/Euro exchange rate around today. Since the exchange rate is expected to remain stable in the short term and the prospect of Romania's accession to the European Monetary Union in 2015 is still possible.

Suggested Citation

  • Jenica POPESCU & Dan SICHIGEA, 2010. "Exchange rate and foreign exchange market during the pre-accession of Romania to the European Monetary Union," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(12), pages 68-75, December.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:12:p:68-75
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    File URL: http://feaa.ucv.ro/FPV/012-09.pdf
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    More about this item

    Keywords

    dollar-leu exhcange rate; euro-leu exchange rate; central bank policies; European Monetary Union;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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