Impact of the Exchange Rate Volatility on the Romanian Exports to the Euro Area

8 Pages Posted: 8 Dec 2012

See all articles by Ramona Dumitriu

Ramona Dumitriu

University Dunarea De Jos Galati

Razvan Stefanescu

University Dunarea De Jos Galati

Costel Nistor

University Dunarea De Jos Galati

Date Written: December 3, 2009

Abstract

This paper approaches the relation between the exchange rate volatility and the Romanian exports to the Euro Area. We employ monthly values of the real exports and the standard deviation of the real exchange rate in a Vector Autoregressive model. We find a negative and weak influence of the exchange rate volatility on the exports, which could be connected with the fact that main Romanian exporters are multinational companies.

Keywords: Exchange Rate Volatility, Romanian Exports, Vector Autoregressive

JEL Classification: F31, F40

Suggested Citation

Dumitriu, Ramona and Stefanescu, Razvan and Nistor, Costel, Impact of the Exchange Rate Volatility on the Romanian Exports to the Euro Area (December 3, 2009). Available at SSRN: https://ssrn.com/abstract=2185892 or http://dx.doi.org/10.2139/ssrn.2185892

Ramona Dumitriu (Contact Author)

University Dunarea De Jos Galati ( email )

Romania

Razvan Stefanescu

University Dunarea De Jos Galati ( email )

Str. Domneasc─â, nr. 47
Galati, 800008
Romania

Costel Nistor

University Dunarea De Jos Galati ( email )

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