Advanced Search
MyIDEAS: Login to save this article or follow this journal

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

Contents:

Author Info

  • 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.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/72/69
Download Restriction: no

Bibliographic Info

Article provided by Danubius University of Galati in its journal ACTA UNIVERSITATIS DANUBIUS. OECONOMICA.

Volume (Year): (2009)
Issue (Month): 1(1) (September)
Pages: 40-49

as in new window
Handle: RePEc:dug:actaec:y:2009:i:1:p:40-49

Contact details of provider:
Web page: http://journals.univ-danubius.ro/index.php/oeconomica/
More information through EDIRC

Related research

Keywords: inflation; long term government bond yields; exchange rate; fiscal and budgetary criteria; euro adoption; structural and conjunctional macroeconomic imbalances;

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

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

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, pages 152-163, June.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

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.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Daniela Robu).

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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