The Impact of External Debt on Exchange Rate Variation in Romania
Vol. 7, No 3, 2014
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Liliana Bunescu, Faculty of Economic Sciences, "Lucian Blaga" University, Sibiu, Romania, |
THE IMPACT OF EXTERNAL DEBT ON EXCHANGE RATE VARIATION IN ROMANIA |
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E-mail: liliana_sibiu@yahoo.com |
ABSTRACT. Through this paper we aim to identify the existence or non-existence of a link between Romania's external debt components on medium and long term and the evolution of RON/EUR exchange rate. If a correlation will be identified, the paper aims to guantify numerical that correlation for selecting several determinants of the exchange rate. The paper check if external debt components may allow econometric modeling of exchange rate RON/EUR by using regression. |
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Received: May, 2014 1st Revision: July, 2014 Accepted: September, 2014
DOI:10.14254/2071-789X.2014/7-3/8 |
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JEL Classification:H63, F31 |
Keywords: exchange rate, direct external debt, private external debt. |
