Cojanu, Valentin and Paun, Cristian and Lupu, Radu (2006): Empirical Evidence On The Correlation Between The Exchange Rate And Romanian Exports. Published in: International Conference on Commerce - CD , Vol. 1, No. 1 (10. October 2006): pp. 205-214.
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Few subjects of international economics are so much exposed to heated debates as the exchange rate problem. From monetary crises and balance-of-payments adjustments to monetary zones, dealing with currency swings seems to embody any economist's worries about the rightfulness of economic models and the relevance of empirical analyses he or she has to choose. Is appreciation or depreciation good for a country's welfare? Would that answer still be valid in the long run? The unsettled character of the problem largely resides in the manifest contradiction between the firm theoretical predictions and their unconvincing empirical testing. One of the least uncontroversial tenets refers to the positive correlation between currency depreciation or devaluation (although of different origins, their effects are generally the same) and a country's current account. This paper attempts to test this prediction on the case of Romanian economy and to conclude on possible explanations of the theoretical-empirical conflict.
|Item Type:||MPRA Paper|
|Original Title:||Empirical Evidence On The Correlation Between The Exchange Rate And Romanian Exports|
|Keywords:||exports, exchange rate, elasticity|
|Subjects:||F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance
F - International Economics > F2 - International Factor Movements and International Business
F - International Economics > F1 - Trade
|Depositing User:||Cristian Paun|
|Date Deposited:||08. Feb 2008 13:44|
|Last Modified:||07. Jan 2014 22:03|
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