Romania: Selected Issues and Statistical Appendix

January 17, 2003

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Format: Chicago

Romania: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2003) accessed November 22, 2024

Summary

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.

Subject: Employment, Foreign exchange, International trade, Labor, Labor markets, Real exchange rates, Terms of trade, Wages

Keywords: Baltics, Capital, Capital share, Capital stock data, CR, Eastern Europe, Employment, Estimate, Europe, Exchange rate, Exchange rate path, Investment rate, ISCR, Productivity differential, Productivity gain, Real exchange rates, Terms of trade, Wage, Wages

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/012
Stock No:

1ROMEA0022003
ISBN:

9781451832785
ISSN:

1934-7685

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