Romania: Selected Issues and Statistical Appendix
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
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.
Series:
Country Report No. 2006/169
Subject:
Credit Exchange rates Exports Foreign exchange Income International trade Money National accounts Real exchange rates
English
Publication Date:
May 9, 2006
ISBN/ISSN:
9781451832860/1934-7685
Stock No:
1ROMEA2006002
Pages:
115
Please address any questions about this title to publications@imf.org