Implicații ale volatilității cursului de schimb asupra schimburilor comerciale internaționale (cazul Romaniei)

Ghiba, Nicolae (2010): Implicații ale volatilității cursului de schimb asupra schimburilor comerciale internaționale (cazul Romaniei). Forthcoming in:

Abstract

This paper aims to establish particularities for the relationship between exchange rate volatility and the international trade in Romania. Currency depreciation, normally, should stimulate exports, because they become cheaper to foreign products and to discourage imports because they will spend more units of local currency to purchase goods in another state. By contrast, appreciation leads to some backfire: exports are hampered and imports increase. The theoretic area may be contradicted by practical cases. This analysis starts from well-known cases in this domain from around the world. Volatility of exchange rate on international trade is debated on Romania’s example using econometric methods. The volatility of exchange rate has a moderate influence in international trade, despite advantages obtained by the participants when the currency evolutes in the desired direction for them.

• Item Type: MPRA Paper
• English Title: Implications of exchange rate volatility on international trade (The case of Romania)
• Language: Romanian
• Keywords: exchange rate; volatility; currency; international trade; depreciation; appreciation
• Subjects: F - International Economics > F1 - Trade > F18 - Trade and Environment; F - International Economics > F0 - General; F - International Economics > F1 - Trade > F14 - Empirical Studies of Trade; C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes; F - International Economics > F1 - Trade; F - International Economics > F3 - International Finance > F31 - Foreign Exchange

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