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Nominal Convergence: The Case Of Romania

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Author Info

  • Ramona Orăştean

    (Associate Professor at the “Lucian Blaga” University of Sibiu)

  • Silvia Mărginean

    (Associate Professor at the “Lucian Blaga” University of Sibiu)

Abstract

The main objectives of this paper are: determining the extent to which the indicators of nominal convergence reflect the reality of the Romanian economy, in order to find an optimal correlation between nominal and real convergence from the point of view of a dualist approach, meaning that there are opinions according to which nominal convergence (by the formal meeting of the Maastricht criteria) must be carried out before real convergence, or on the contrary, that real convergence has positive effects on nominal convergence; short term forecasting for the evolution of nominal convergence indicators in Romania comparing with other new EU member states.

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File URL: http://www.rebe.rau.ro/RePEc/rau/journl/FA10/REBE-FA10-A13.pdf
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Bibliographic Info

Article provided by Romanian-American University in its journal Romanian Economic and Business Review.

Volume (Year): 5 (2010)
Issue (Month): 3 (September)
Pages: 167-176

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Handle: RePEc:rau:journl:v:5:y:2010:i:3:p:167-176

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Keywords: nominal; convergence; Romania; euro area;

References

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  1. Paul Grauwe & Gunther Schnabl, 2004. "EMU entry strategies for the new member states," Intereconomics: Review of European Economic Policy, Springer, vol. 39(5), pages 241-246, September.
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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.

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