Changes in the monthly effects from the Romanian foreign exchange market
AbstractThis 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.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 41743.
Date of creation: 06 Nov 2009
Date of revision: 08 May 2010
Seasonality; Romanian Foreign Exchange Market; Foreign Trade; Monetary Policy;
Find related papers by JEL classification:
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- G19 - Financial Economics - - General Financial Markets - - - Other
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