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Romania's Dilemmas in Perspective of EMU Integration

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Author Info

  • Cristian Socol
  • Aura Niculescu

    (Academia de Studii Economice Bucuresti)

Abstract

Our study evaluates the trade-off between real and nominal convergence in transition countries relating European integration (case of Romania). The potential conflict between Maastricht criteria and the possibility to obtain a faster real convergence with the European Union countries is explained with Ballassa-Samuelson effect. In addition, according this effect, we study the monetary policy regimes for Romanian authorities in perspective of the future admittance in Exchange Rate Mechanism II (ERM II)

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Bibliographic Info

Article provided by Asociatia Generala a Economistilor din Romania - AGER in its journal Theoretical and Applied Economics.

Volume (Year): 2(497) (2006)
Issue (Month): 2(497) (April)
Pages: 107-114

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Handle: RePEc:agr:journl:v:2(497):y:2006:i:2(497):p:107-114

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Related research

Keywords: integration; nominal convergence; real convergence; Ballassa-Samuelson effect; ERM II.;

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