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Romania's Dilemmas in Perspective of EMU Integration


  • Cristian Socol

    (Academy of Economic Studies, Bucharest)

  • Aura Niculescu

    (Academy of Economic Studies, Bucharest)


Our study evaluates the trade-off between real and nominal convergence in transition countries relating European integration (case of Romania). The potential conflict between Maastricht criteria and the possibility to obtain a faster real convergence with the European Union countries is explained with Ballassa-Samuelson effect. In addition, according this effect, we study the monetary policy regimes for Romanian authorities in perspective of the future admittance in Exchange Rate Mechanism II (ERM II).

Suggested Citation

  • Cristian Socol & Aura Niculescu, 2006. "Romania's Dilemmas in Perspective of EMU Integration," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 2(2(497)), pages 107-114, April.
  • Handle: RePEc:agr:journl:v:2(497):y:2006:i:2(497):p:107-114

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