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Nominal Convergence In Post-Accession Romania

Author

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  • CATRINA, Ion Lucian

    () (Academy of Economic Studies Bucharest)

Abstract

This paper aims to analyze the achievement of nominal convergence criteria by the Romanian economy, as well as the macroeconomic effects caused by the strong targeting of these criteria. The global crisis caused a small contraction of governmental expenditure but a fast-growing public debt. The policies restricting budget deficit and public debt continue to produce strong theoretical debates on the right way to reach economic growth.

Suggested Citation

  • CATRINA, Ion Lucian, 2011. "Nominal Convergence In Post-Accession Romania," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 2(1), pages 27-34.
  • Handle: RePEc:ris:sphecs:0108
    as

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    File URL: http://anale-economie.spiruharet.ro/en/wp-content/uploads/2014/03/3_Lucian-Catrina.pdf
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    References listed on IDEAS

    as
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    2. Xavier Vives, 2011. "Competition and Stability in Banking," Central Banking, Analysis, and Economic Policies Book Series,in: Luis Felipe Céspedes & Roberto Chang & Diego Saravia (ed.), Monetary Policy under Financial Turbulence, edition 1, volume 16, chapter 12, pages 455-502 Central Bank of Chile.
    3. Barbara Casu & Claudia Girardone, 2009. "Integration and Efficiency in EU Banking Markets," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    4. Arnaldo MAURI & Claudia Gabriela BAICU, 2010. "Crisi finanziaria in corso e insegnamenti che si possono trarre," Departmental Working Papers 2010-08, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    5. Nikolay Nenovsky & S. Statev, 2006. "Introduction," Post-Print halshs-00260898, HAL.
    6. M. Ruth & K. Donaghy & P. Kirshen, 2006. "Introduction," Chapters,in: Regional Climate Change and Variability, chapter 1 Edward Elgar Publishing.
    7. Benjamin J. Keys & Tanmoy Mukherjee & Amit Seru & Vikrant Vig, 2010. "Did Securitization Lead to Lax Screening? Evidence from Subprime Loans," The Quarterly Journal of Economics, Oxford University Press, vol. 125(1), pages 307-362.
    8. Sarai Criado & Adrian van Rixtel, 2008. "Structured finance and the financial turmoil of 2007-2008: and introductory overview," Occasional Papers 0808, Banco de España;Occasional Papers Homepage.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    convergence; budget deficit; public debt; GDP; monetary union;

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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