Annals of the University of Oradea: Economic Science (May 2008)
NATIONAL CURRENCY INSTABILITY
Abstract
The concept related to currency stability includes internal currency stability as intern price stability, the money demand and supply stability and the stability of the interest rate. Also it includes external currency stability through exchange rate mechanism. The equilibrium of national economy is determined by the evolution of inflation and by the evolution of nominal exchange rate mechanism as an expression of external stability.