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Romania: Selected Issues and Statistical Appendix

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  • International Monetary Fund

Abstract

This Selected Issues paper and Statistical Appendix provides an estimate of the long-term path of Romania’s real exchange rate. The paper describes the recent history of the real exchange rate and its main determinants. A model is developed of a time-varying long-term exchange rate path, mainly driven by the terms of trade and net foreign direct investment. This long-term path is then used to assess the developments in Romania’s actual exchange rate. The paper also examines Romania’s growth potential in the medium term.

Suggested Citation

  • International Monetary Fund, 2003. "Romania: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2003/012, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2003/012
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16284
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    Citations

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    Cited by:

    1. Dan Armeanu & Nicolae Istudor & Leonard Lache, 2015. "The Role of SMEs in Assessing the Contribution of Entrepreneurship to GDP in the Romanian Business Environment," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 195-195, February.
    2. Dan Armeanu & Georgiana Camelia Crețan & Leonard Lache & Mihaela Mitroi, 2015. "Estimating Potential GDP for the Romanian Economy and Assessing the Sustainability of Economic Growth: A Multivariate Filter Approach," Sustainability, MDPI, vol. 7(3), pages 1-21, March.

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