IDEAS home Printed from https://ideas.repec.org/a/tdt/annals/vxviiiy2012p834-842.html
   My bibliography  Save this article

The credibility of the exchange rate after the failure of the European monetary system and in the context of the current crisis

Author

Listed:
  • Isabella - Cristiana SIMA
  • Camelia - Aurelia MARIN
  • Mihaela RUXANDA
  • Elena NISIPEANU

    (ACADEMY OF ECONOMIC SCIENCIES - BUCHAREST)

Abstract

When in the European Union has appeared for the first time the European Monetary System, some States have met with reluctance while others have embraced almost immediately. However, one thing is certain, until at one point, all States that were part of this system have had confidence in it. Its credibility began to lose after the great crisis of 1992-1993, and in 1999 it was recognised the failure of this system. In the present work we have chosen to analyze the credibility of the exchange rate Euro/dollar after the advent of the single currency on the international market. For this we turned to econometric modeling by multiple regression method. The bottom line is that although some indicators influenteaa this rate more than others, the exchange rate Euro/dollar is still a pretty credible.

Suggested Citation

  • Isabella - Cristiana SIMA & Camelia - Aurelia MARIN & Mihaela RUXANDA & Elena NISIPEANU, 2012. "The credibility of the exchange rate after the failure of the European monetary system and in the context of the current crisis," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 834-842, May.
    • Handle: RePEc:tdt:annals:v:xviii:y:2012:p:834-842
    as

    Download full text from publisher

    File URL: http://fse.tibiscus.ro/anale/Lucrari2012/kssue2012_137.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    European Union; crisis; European Monetary System; credibility; exchange rate;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tdt:annals:v:xviii:y:2012:p:834-842. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ramona Violeta Vasilescu (email available below). General contact details of provider: https://edirc.repec.org/data/fettiro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.