Leonardo Badea, First Deputy Governor BNR: A conceptual analysis on the evolution of the real exchange rate in Central and Eastern Europe after the outbreak of the pandemic
2 Articles
2 Articles
A conceptual analysis on the evolution of the real exchange rate in Central and Eastern Europe after the outbreak of the pandemic - Leonardo Badea, BNR - Business Review
The exchange rate is a fundamental variable, influencing both the dynamics of the real economy (macro dimension) and the development within the financial sector (hence its financial dimension). Often, the sense in which the population perceives this macro-financial variable differs significantly from the sense attributed by economists. The population refers almost explicitly to the nominal […] The post A conceptual analysis on the evolution of t…
Leonardo Badea, First Deputy Governor BNR: A conceptual analysis on the evolution of the real exchange rate in Central and Eastern Europe after the outbreak of the pandemic
The exchange rate is a fundamental variable, influencing both the dynamics of the real economy (macro dimension) and the development within the financial sector (hence its financial dimension). Often, the sense in which the population perceives this macro-financial variable differs significantly from the sense attributed by economists. The population refers almost explicitly to the nominal exchange rate, which represents the relative price of tw…
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