The adhesion to the European Union in January 2007 induced significant changes in the Romania's foreign trade. In the new circumstances, the Romanian firms have to face an increased competition, but they could also fructify the opportunities of the European single market. Other changes could...

This paper examines the changes induced by the actual financial crisis in the dynamic relation between the currency rates and the differentials of the interest rates from Romania and euro area. In the framework of the Uncovered Interest Rate Parity hypothesis we apply the Vector Autoregressive...

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...