In transition, the Romanian authorities have advanced the development of prudent macroeconomics policies and implemented structural reforms in the market for goods, labor and financial products. On the long term, Romanian real convergence to the European model is more important than nominal convergence. In this paper, we identify the main priorities for the success of Romanian admittance in European Union. The nominal convergence must be attained faster because this process supposes stability prices, the financial soundness indicators, the need to stabilize exchange rate. In addition, the real convergence with European Union is very important. There is potential conflict between real and nominal convergence? Can Romanian economy obtain faster convergence? Keywords: convergence; nominal convergence; real convergence; structural convergence. REL Classification: 8M, 19I, 20G
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.