IDEAS home Printed from https://ideas.repec.org/a/ath/journl/v30y2013i1p115-124.html
   My bibliography  Save this article

Exchange Rate During The Financial Crisis

Author

Listed:
  • Elena PELINESCU

    (Institut for Economic Forecasting – NIER, Romanian Academy)

Abstract

The paper analyzes the evolution of the exchange rate in Romania during the financial crisis in order to offer some information regarding how the exchange rates react in the presence of some socks. We used a Vector autoregressive technics and impulse function and the conclusion is that in the case of It is observed that an unexpected shock in the interbank operations and aggregate supply leads to a slight increase of 0.2% in the exchange rate leu / euro and a shock in the foreign exchange market trading volume may lead to a negative shock in the exchange rate leu / euro, with a continuing influence of 6 months before returning to the previous situation before the shock. The exchange rate channel is an important tool in taking shocks in national and international economy and the loss of this channel by fixing the exchange rate of the European currency would make it difficult to accept such shocks to the labor market and goods market.

Suggested Citation

  • Elena PELINESCU, 2013. "Exchange Rate During The Financial Crisis," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 30(1), pages 115-124, June.
    • Handle: RePEc:ath:journl:v:30:y:2013:i:1:p:115-124
    as

    Download full text from publisher

    File URL: http://aimr.univath.ro/download/861_Nr_2(30)_2013_115-124.pdf
    Download Restriction: no
    File URL: http://aimr.univath.ro/en/article/EXCHANGE-RATE-DURING-THE-FINANCIAL-CRISIS~861.html
    Download Restriction: no
    ---><---

    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:ath:journl:v:30:y:2013:i:1:p:115-124. 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: Cosmin Catalin Olteanu and Emilia Vasile (email available below). General contact details of provider: https://edirc.repec.org/data/feathro.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.