Analysis of the Effects of Exchange Rate Volatility on the Romanian Exports to the Euro Area
XIth Annual International Conference, Risk in Contemporary Economy, November 26-27, 2010, Galati, Romania
10 Pages Posted: 13 Feb 2012
Date Written: October 16, 2010
In this paper we approach the impact of the exchange-rate volatility on the Romanian exports to the Euro Area. We employ a Vector Autoregressive model and Granger Causality tests to identify the interactions between the two variables. We connect the fact that main Romanian exporters are branches of the multinational companies with the weak influence of the exchange rate volatility on the exports.
Keywords: Exchange Rate Volatility, Romanian Exports, Cointegration, Vector Autoregressive, Granger Causality
JEL Classification: F31, F10
Suggested Citation: Suggested Citation