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The Relationship between Exchange Rate and Key Macroeconomic Indicators. Case Study: Romania

  • Anca Elena Nucu


    (“Alexandru Ioan Cuza” University of Iasi,Romania)

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    The purpose of this article is to examine the influence of the following key macroeconomic indicators: GDP, inflation rate, money supply, interest rate and balance of payments on exchange rate of the Romanian leu against the most important currencies (EUR, USD) during 2000-2010 period. The main findings of our study are: it is an inverse relationship between exchange rate EUR/RON, Gross Domestic Product, respectively money supply and a direct relationship between exchange rate EUR/RON, inflation and interest rate. We can not validate the correlation between exchange rate and Balance of payment, because the test statistic is not significant.

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    Article provided by Department of International Business and Economics from the Academy of Economic Studies Bucharest in its journal Romanian Economic Journal.

    Volume (Year): 14 (2011)
    Issue (Month): 41 (September)
    Pages: 127-145

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    Handle: RePEc:rej:journl:v:14:y:2011:i:41:p:127-145
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