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Convergenta Nominala

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  • Iancu, Aurel

    (Academia Romana, Institutul National de Cercetari Economice)

Abstract

After presenting the institutional construction during the pre-accession and post-accession to the Economic and Monetary Union (EMU), the exchange rate mechanisms (ERM) in several countries and the convergence criteria, we go on with a brief analysis of the way the CEE countries cope with the convergence criteria in accordance with the Maastricht Treaty. Then, the study deals with a topic often discussed in the scientific literature and included on the agenda of decision-makers at various levels, in order to clarify the following major issues: a shorter transition to the euro, the exchange rate equilibrium versus the inflation rate diminution and the Balassa-Samuelson effect, the exchange rates and the exchange rate deviation index, evidences concerning the real exchange rate equilibrium and the appreciation of the exchange rate in the CEE countries. * Study within the CEEX Programme – Project No. 220/2006 “Economic Convergence and Role of Knowledge in Relation to the EU Integration”.

Suggested Citation

  • Iancu, Aurel, 2009. "Convergenta Nominala," Studii Economice 090703, National Institute of Economic Research.
  • Handle: RePEc:ror:seince:090703
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    Cited by:

    1. Filon TODEROIU, 2014. "Multicriteria Assessments Of The European Convergence In Romania’S Agri-Food Economy," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 11(1), pages 15-34.
    2. Avadanei, Andreea, 2011. "O abodare de ansamblu privind provocările adoptării euro: cazul României
      [An overview of euro adoption challenges: the case of Romania]
      ," MPRA Paper 28420, University Library of Munich, Germany.
    3. repec:jes:wpaper:y:2012:v:4:p:274-287 is not listed on IDEAS
    4. Maria Otil & Monica Boldea, 2015. "Performance And Development Level - Comparative Analysis Of Disparities Among Regions Of Development And Macro-Regions In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 29-35, January.
    5. Danut Tiberius EPURE & Dorinela NANCU & Alexandra IONESCU, 2013. "EU Strategy for Building a Knowledge-based Economy. Ambitious Targets vs. Effective Achievements," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 67-70.
    6. Antonescu, Daniela, 2013. "Regional development policy in context of Europe 2020 Strategy," MPRA Paper 56603, University Library of Munich, Germany, revised 03 Nov 2013.
    7. Antonescu, Daniela, 2013. "The Regional Development Policy of Romania in the Post-Accession Period," Working Papers of National Institute of Economic Research 091213, National Institute of Economic Research.
    8. STANIT Alexandra & MUSCALU Emanoil, 2013. "Valorization Of The Intellectual Capital: Making The Invisible Visible," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 65(6), pages 185-195.
    9. Iancu, Aurel, 2007. "Economic Convergence. Applications - Second Part -," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(4), pages 24-48, December.
    10. Gheorghe Zaman & Zizi Goschin, 2014. "Economic Crisis and Wage Divergence: Empirical Evidence from Romania," Prague Economic Papers, University of Economics, Prague, vol. 2014(4), pages 493-513.
    11. Adrian Petre, 2016. "The Estimation of the Time Period Required to Achieve Real Economic Convergence between Romania and the Euro Area," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 12(4), pages 305-310, October.

    More about this item

    Keywords

    Convergence criteria; exchange rate; exchange rate mechanisms; Euro Area; Balassa-Samuelson effect; tradable goods; non-tradable goods; exchange rate deviation index; purchasing power parity.;

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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