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The International Role Of The Euro And Implications On Romanian Gdp. Case Study: Vâlcea County

Author

Listed:
  • CAMELIA MARIN
  • ISABELLA SIMA
  • MIHAELA RUXANDA
  • MANOLE SORIN

    (“CONSTANTIN BRÂNCOVEANU” UNIVERSITY – RÂMNICU VÂLCEA, UNIVERSITY OF BUCHAREST)

Abstract

In the present article we plan to look into how the relationship between the single currency, the Euro, and the gross domestic product of our country, particularly focusing specifically on us gross domestic product of Vâlcea County. To achieve this we considered it necessary to analyze the role of the Euro as an international currency, and to present the evolution of the exchange rate between the Euro and our national currency, the Leu, and eventually we realized a model forecast of GDP for the period 1995-2009, Vâlcea County. Perhaps at first sight there is not a clear link between the Euro and the gross domestic product of a county in Romania, but taking into account that in 2007 we are part of the great family of the European Union, we thought it would be interesting to follow and this aspect

Suggested Citation

  • Camelia Marin & Isabella Sima & Mihaela Ruxanda & Manole Sorin, 2012. "The International Role Of The Euro And Implications On Romanian Gdp. Case Study: Vâlcea County," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 280-288, November.
    • Handle: RePEc:tdt:annals:v:xviii/supplement:y:2012:p:280-288
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    File URL: http://fse.tibiscus.ro/anale/Lucrari2012_2/AnaleFSE_2012_2_042.pdf
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    References listed on IDEAS

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    1. Elias Papaioannou & Richard Portes, 2008. "Costs and benefits of running an international currency," European Economy - Economic Papers 2008 - 2015 348, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    2. Menzie D. Chinn & Jeffrey A. Frankel, 2008. "The Euro May Over the Next 15 Years Surpass the Dollar as Leading International Currency," NBER Working Papers 13909, National Bureau of Economic Research, Inc.
    3. Peter B. Clark & Jacques J. Polak, 2004. "International Liquidity and the Role of the SDR in the International Monetary System," IMF Staff Papers, Palgrave Macmillan, vol. 51(1), pages 1-3.
    4. Isabella Sima & Camelia Marin & Cristina Tenovici & Elena Nisipeanu, 2012. "Crisis in the Euro Area and the Euro: The Game of Giants - Euro vs. Dollar," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(1), pages 57-64, January.
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    More about this item

    Keywords

    Euro; GDP; exchange rate; regression model; forecast;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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