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Sustainability of convergence in the context of macro-prudential policies in the European Union

  • TRIANDAFIL, Cristina Maria

    (National Institute of Economic Research of the Romanian Academy, The National Bank of Romania.)

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    This postdoctoral research aimed to highlight sustainability convergence criteria in the context of financialisation, with impact on the prudential regulator. Based on complex analysis, the research work has revealed that countries in Central and Eastern Europe still face significant macroeconomic risks caused by fragile macroeconomic structures. These countries have been undergoing a catching up process that contributes to the amplification of divergence across the European Union. Being heavily dependent on external financial flows, these countries involve a high macro-prudential risk, affecting the pace of real convergence.

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    Paper provided by National Institute of Economic Research in its series Working Papers of National Institute of Economic Research with number 130618.

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    Length: 143 pages
    Date of creation: Jun 2013
    Date of revision:
    Handle: RePEc:ror:wpince:130618
    Contact details of provider: Postal: Bucureşti, Calea 13 Septembrie nr. 13
    Phone: 004 021 4103231
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