Beschreibung

"Background. Regional developments and worsening of domestic conditions in Moldova affected foreign exchange flows and in turn the exchange rate of the Moldovan Leu throughout 2014 and 2015.<br> Objective of this policy briefing: Estimation of the equilibrium exchange rate in order to assess if the market rate is in line with underlying fundamentals.<br> Structure: Part 1: Recent developments affecting the exchange rate. Part 2: Assessment of the equilibrium exchange rate. Part 3: Conclusions and policy implications" (Textauszug, IAB-Doku)