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Exchange Rate - a Tool to Influence Economic Life

Author

Listed:
  • Bucur Ion

    (“Petroleum-Gas” University of Ploiesti)

  • Dusmanescu Dorel

    (“Petroleum-Gas” University of Ploiesti)

  • Bucur Cristian

    (“Petroleum-Gas” University of Ploiesti)

Abstract

The exchange rate, the price of a national currency against another currency to which we compare values in certain conditions of time and place, has different influencing factors and various effects over the economic life. Among the influencing factors are the evolution of the national currency demand and supply relation, economic, fiscal and politic stability, interest rate, capital movements, the external commerce situation, long term loans, investments made by a country abroad, etc .In Romania, during the transition years, the leu’s exchange rate has dropped due to factors like exchanging lei deposits to foreign currency one in fear of interest rate lowering, purchase of foreign currency by importers with part of the sums in lei owned, purchase of foreign currency by the National Bank in order to prevent de fast growth of the exchange rate in terms of declining confidence in lei, etc

Suggested Citation

  • Bucur Ion & Dusmanescu Dorel & Bucur Cristian, 2011. "Exchange Rate - a Tool to Influence Economic Life," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 281-284, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:281-284
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    More about this item

    Keywords

    exchange rate; supply and demand relationship; economic stability; balance of payments;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange

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