Theoretical and Applied Economics
No. 2 / 2006 (497)
Romania's Dilemmas in Perspective of EMU Integration
Aura Niculescu
Academy of Economic Studies, Bucharest
Abstract. 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).
Keywords: integration; nominal convergence; real convergence; Ballassa-Samuelson effect; ERM II.
Contents
- European Level Test of Romanian Enterprise Governance
Niculae Feleaga
- Investment Patterns on Emerging Stock Markets
Adrian Zoicas-Ienciu
- Public Sector and Europeanization Challenges
Lucica Matei
- Credit Institutions Management Evaluation using Quantitative Methods
Nicolae Dardac
Bogdan Moinescu
- Financial Investment Services Regulation
Gabriela Anghelache
- Local Public Administration Reform. The Romanian Case
Tudorel Andrei
Marius Profiroiu
Mihai Turturean
- Unemployment in Romania. A Retrospective Study
Alina Badulescu
- Sistemic Approach – a Complexity Management Instrument
Vadim Dumitrascu
- Knowledge Society and the Communication Economy in Romania
Mihail Epuran
Alina Almasan
- Demographic Evolution in Romania – Convergence or Peripherisation?
Adriana Veronica Litra
- Macroeconomic Proportions and Corellations
Constantin Anghelache
Alexandru Isaic-Maniu
Constantin Mitrut
Vergil Voineagu
- Romania's Dilemmas in Perspective of EMU Integration
Cristian Socol
Aura Niculescu