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  • Estimating the exchange rat...
    Laura Mădălina PÎRŞCOVEANU

    Theoretical and applied economics, 06/2016, Volume: XXIII, Issue: 2
    Journal Article

    In this article I want to elaborate a case study on for estimating the equilibrium exchange rate in the context of Romania’s accession to the Eurozone. This paper reveals an econometric model between real exchange rate and its determining factors based on the methodology BEER. I started this study because currently the challenge for Romania is joining ERM II and hence the Economic and Monetary Union. Given the exchange rate volatility and the implications it may have on the Romanian economy, it is important to determine whether or not there were internal devaluations.