Romania's Dilemmas in Perspective of EMU Integration

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).

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Year of publication:	2006
Authors:	Socol, Cristian ; Niculescu, Aura
Published in:	Theoretical and Applied Economics. - Asociaţia Generalā a Economiştilor din România - AGER. - Vol. 2(497).2006, 2(497), p. 107-114
Publisher:	Asociaţia Generalā a Economiştilor din România - AGER
Subject:	integration \| nominal convergence \| real convergence \| Ballassa-Samuelson effect \| ERM II

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Extent:	application/pdf text/html
Type of publication:	Article
Language:	Romanian
Source:	RePEc - Research Papers in Economics

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