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A Teoretical Approach On Erm Ii

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  • Assoc. Prof. Roxana Maria Nanu Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

Abstract

This article presents an overview of the European Exchange Rate Mechanism and of the effects of this mechanism on the new Member States from the point of view of the stability of the exchange rate, of the convergence with the macroeconomic policy and of the inflation stabilization. There will be outlined the contradictions which may appear between the preparation of the EU accession conditions and those regarding the accession to EMU, with the intermediate stage ERM II, including the effect Balassa-Samuelson. Another important element is to set the central exchange rate for ERM II because this central exchange rate will be similar or almost similar with the future exchange rate as opposed to Euro.

Suggested Citation

  • Assoc. Prof. Roxana Maria Nanu Ph. D, 2010. "A Teoretical Approach On Erm Ii," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(38), pages 1-12, May.
    • Handle: RePEc:aio:aucsse:v:2:y:2010:i:12:p:177-188
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    File URL: http://feaa.ucv.ro/AUCSSE/0038v2-020.pdf
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    References listed on IDEAS

    as
    1. Darvas, Zsolt, 2001. "Exchange rate pass-through and real exchange rate in EU candidate countries," Discussion Paper Series 1: Economic Studies 2001,10, Deutsche Bundesbank.
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    More about this item

    Keywords

    ERM II; exchange rate; exchange rate stability system reform; demographic evolution;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F - International Economics

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