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Exchange Rate Strategies

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  • DOCTOR IANCU DELIA

    (FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATIONDOCTORAL SCHOOL OF ECONOMIC SCIENCES DOMAIN FINANCE)

Abstract

Romania joined the European Union on 1 January 2007, the nominal and real convergence process towards the euro area will have to continue, maybe even more accelerated than before. Romania's objective is to enter the Exchange Rate Mechanism (ERM II) and subsequently adopt the euro. To achieve this goal, the inflation rate will have to remain on a downward trend. Thus, the monetary policy of the NBR plays a key role in the process of nominal convergence, but also in the real convergence process, as evidenced by the literature, ensuring and maintaining price stability stimulating economic growth. From this perspective, the present paper aims to analyze BNR monetary and exchange rate policies, their evolution and especially the challenges they will have to face in the future from the perspective of European integration

Suggested Citation

  • Doctor Iancu Delia, 2019. "Exchange Rate Strategies," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 263-270, June.
    • Handle: RePEc:cbu:jrnlec:y:2019:v:3:p:263-270
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    References listed on IDEAS

    as
    1. Charles R. Bean, 2004. "Asset Prices, Financial Instability, and Monetary Policy," American Economic Review, American Economic Association, vol. 94(2), pages 14-18, May.
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