IDEAS home Printed from https://ideas.repec.org/a/dug/actaec/y2009i1p40-49.html
   My bibliography  Save this article

Development of Nominal Convergence Indicators in New Member States of European Union under the Challenges of Economic and Financial Crisis

Author

Listed:
  • Iulia Lupu

    (Financial and Monetary Research Centre „Victor Slavescu”, Bucharest)

  • Camelia Milea

    (Financial and Monetary Research Centre „Victor Slavescu”, Bucharest)

  • Alina Georgeta Glod

    (Financial and Monetary Research Centre „Victor Slavescu”, Bucharest)

  • Adina Criste

    (Financial and Monetary Research Centre „Victor Slavescu”, Bucharest)

Abstract

The importance of compliance with nominal convergence criteria is crucial for adopting the euro in New Member States (NMS). Although some of these countries have made remarkable efforts for complying with nominal criteria, structural and conjunctional macroeconomic imbalances have created big problems in this respect. Also, the global financial crisis revealed new challenges for the NSM which are not yet members of the euro area. Having imbalances widened further much more than the countries in the euro area, many of them have come to appreciate the protection of the euro area membership, especially at times of financial and economic crises. Though, some NMS would like to speed up euro adoption, they now face conditions that may make it more difficult for them to satisfy the requirements of the nominal convergence criteria. Thus, in this article we try to capture the effects of economic and financial crises on the nominal convergence indicators in NMS.

Suggested Citation

  • Iulia Lupu & Camelia Milea & Alina Georgeta Glod & Adina Criste, 2009. "Development of Nominal Convergence Indicators in New Member States of European Union under the Challenges of Economic and Financial Crisis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 1(1), pages 40-49, September.
    • Handle: RePEc:dug:actaec:y:2009:i:1:p:40-49
    as

    Download full text from publisher

    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/72/69
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cristina Duhnea & Silvia Ghita-Mitrescu & Diane Paula Corina Vancea, 2012. "Euro Adoption – The Illusion Of The Monetary Integration Of Romania," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4(2), pages 152-163, June.
    2. repec:jes:wpaper:y:2012:v:4:p:152-163 is not listed on IDEAS

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dug:actaec:y:2009:i:1:p:40-49. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniela Robu (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.