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重要事項 Import Notes
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2016-10-27

The Impact of Capital Flows on the Real Exchange Rate: the Case of Romania




作者:
Angela, Roman1 aboariu@uaic.ro
Silvia, Ghita-Mitrescu2 mitrescu.silvia@gmail.com
Diana, Sadoveanu1 diana.sadoveanu@gmail.com
資料來源:
Ovidius University Annals, Series Economic Sciences. 2014, Vol. 14 Issue 1, p188-193. 6p.
文件類型:
Article
主題術語:
*RESEARCH
*Foreign exchange rates
*Balassa-Samuelson effect
Capital movements
Romania -- Economic conditions
Euro -- Economic aspects
作者提供的關鍵字:
Capital flows
Harrod-Balassa-Samuelson effect
Johansen cointegration
real exchange rate
摘要:
This paper examines the influence of the capital flows on the real exchange rate of the Romanian leu against euro. Many studies which are analysing the fundamental determinants of the exchange rate of the leu, show that the appreciation of the currency, before the financial crises from the last years, was due to the real convergence of the Romanian economy. In our study we have showed that the capital account contributed to the appreciation of the leu, rather than the influence of the Harrod-Balassa-Samuelson effect. We found a long-run relationship among the real exchange rate, foreign direct investments and workers remittances from abroad. [ABSTRACT FROM AUTHOR]
 
Copyright of Ovidius University Annals, Series Economic Sciences is the property of Ovidius University of Constantza, Faculty of Economic Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
作者所屬機構:
1„Alexandru Ioan Cuza" University of Iasi, Romania Faculty of Economics and Business Administration
2„Ovidius" University from Constanta
ISSN:
2393-3127
入藏號碼:
109415096
資料庫:
Business Source Ultimate

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