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
BNR
The exchange rate is a fundamental variable, influencing both the dynamics of the real econom y (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 two currencies from different countries. An
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