Romania: Selected Issues and Statistical Appendix

May 9, 2006

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Romania: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Summary

This Selected Issues and Statistical Appendix paper assesses Romania’s external competitiveness by reviewing recent developments in a range of standard indicators and estimating equilibrium real exchange rates. The results suggest that, although Romania’s historical cost advantage vis-à-vis trading partners has eroded since end-2004, on account of a strong real exchange rate appreciation, some undervaluation still remains. Furthermore, evidence suggests that the recent weak output and export performance in some of the traditional exporting sectors mainly reflects the transition toward higher value-added products.

Subject: Credit, Exchange rates, Exports, Foreign exchange, Income, International trade, Money, National accounts, Real exchange rates

Keywords: Baltics, Bank lending, Central and Eastern Europe, CR, Credit, Credit growth, Eastern Europe, EU accession, EU institution, EU integration, Exchange rate, Exchange rates, Exports, Foreign currency, Global, Income, ISCR, Product, Real exchange rates, Romania, Western Europe

Publication Details

Pages:

115
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/169
Stock No:

1ROMEA2006002
ISBN:

9781451832860
ISSN:

1934-7685

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