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Cee Countries On The Way To Emu - A General Overview

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  • Andreea Andries

    ()
    (Alexandru Ioan Cuza University of Iasi, Romania)

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    Abstract

    This paper aims at pointing out the evolution in real and financial plans in order to adhere to the EMU, using a comparative approach, on the example of Romania, the Czech Republic, Poland and Hungary. The main results of the study are the following: the four countries have made notable progress in the years preceding the current crisis; however, considerable efforts are still needed in order to comply with the euro zone, in terms of living standards, economic structure, degree of openness of the economy, etc.; refer the financial convergence, directions are needed to increase the financial intermediation and financial depth in Romania and Poland, the Czech Republic and Hungary recording slightly more favourable indicators. On the other hand, central banks, except the Polish one, should significantly improve the transmission mechanism of monetary policy upon the financial and real sphere.

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    File URL: http://www.cse.uaic.ro/WorkingPapers/articles/CESWP2012_IV3a_AND.pdf
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    Bibliographic Info

    Article provided by Centre for European Studies, Alexandru Ioan Cuza University in its journal CES Working Papers.

    Volume (Year): 4(3a) (2012)
    Issue (Month): (September-Octomber)
    Pages: 441-451

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    Handle: RePEc:jes:wpaper:y:2012:v:4:p:441-451

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    Web page: http://ceswp.uaic.ro/
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    Related research

    Keywords: real convergence; financial convergence; economic and financial crises; EMU Romania;

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