出版社：Economic Laboratory for Transition Research Podgorica
摘要：Evolutions of the exchange rates in a contemporary competitive
economy represent an influential marker in evaluating the effects of
the governmental policies in field of monetary policy and marks
future directions in developing the specific policies in the field. This
study investigates how the exchange rates of EUR, USD, GBP and
CHF were influenced by disturbing factors and the existence of
potential quantitative correlations and dependencies among the
four exchange rates in terms of uncertainty. In this context the starting
premise of the research took into account the exchange rate
developments for these four currencies for the period January 2008
– October 2015, period marked by two major disruptive events,
which highly influenced the exchange rates of the main currencies
on the Romanian market, such as the financial crisis started in late
2008 and CHF exchange rate’s significant variation at the beginning
of 2015 that triggered a deep debt crisis in the case of mortgage
loans in Romania. The research results reveal particular evolution
patterns in the case of the exchange rates of the four currencies
taken into analysis, confirming the existence of disturbing factors
and the correlations and quantitative dependencies between them.
