Search Results - subject:"Nominal Convergence"

The Monetary Integration of the New Member States before the Euro Area Debt Crisis

Todorov, Ivan - In: Managing Global Transitions 11 (2013) 4 (Winter), pp. 375-390

beginning of the Euro Area debt crisis. The focus of investigation is on the nominal convergence (the fulfillment of the …

Persistent link: https://www.econbiz.de/10010929477

Euro Adoption – the Illusion of the Monetary Integration of Romania

Duhnea, Cristina; Ghita-Mitrescu, Silvia; Vancea, Diane … - In: CES Working Papers 4 (2012) 2, pp. 152-163

European single currency endeavoring to meet not only the nominal convergence criteria but also real convergence. This paper … makes an analysis of the Romania's capacity to achieve the nominal convergence criteria in the current context. The change … from "Romania can fulfill the nominal convergence criteria?” in "Is it advisable for Romania to adopt the Euro, given the …

Persistent link: https://www.econbiz.de/10012016994

GOVERNING EUROPEAN UNION TO FINANCIAL STABILITY

CATRINA, Ion-Lucian - In: Scientific Bulletin - Economic Sciences 11 (2012) 1, pp. 35-42

In the last four years, a significant part of the European Union members has recorded a real decline in the sustainability of their public debt. The failure of Greece, Italy, Belgium or Spain to easily find funding at previous interest rates has induced the fear that the European Monetary Union...

Persistent link: https://www.econbiz.de/10010584379

REAL CONVERGENCE VERSUS NOMINAL CONVERGENCE - A COMPARATIVE ANALYSIS

Ionut, Ceausescu - In: Annals - Economy Series 3 (2012) September, pp. 69-74

The main purpose of this study is to quantify and analyze the gap between the development regions of Romania through formulas that reveal the existence or not of the convergence types. The statistical data were obtained from the National Institute of Statistics (Statistical Yearbook) but also...

Persistent link: https://www.econbiz.de/10010611280

Some Critical Aspects on Monetary Maastricht Convergence Criteria

Andreea, Bucur Iulia; Ancuþa, Stângaciu Oana - In: Ovidius University Annals, Economic Sciences Series XII (2012) 1, pp. 159-164

make it invulnerable. In the context of current major macroeconomic imbalances, nominal convergence problem has received …

Persistent link: https://www.econbiz.de/10010632167

Perspectives on Fulfilling the Nominal and Real Convergence Criteria by Romania for the Adoption of Euro Currency

Geza, Paula; Giurca Vasilescu, Laura - Volkswirtschaftliche Fakultät, … - 2011

In the present, Romania is considered a fragile state. While the lowest point of recession seems to have been exceed, the instability continues to characterize for a period all efforts and steps taken for economic recovery. Regarding the real convergence criteria, on December 2010 Romania...

Persistent link: https://www.econbiz.de/10008919753

MEASURES TO RECALIBRATE THE MACROECONOMIC POLICIES IN THE NEW EU MEMBER STATES THAT ARE TO ADOPT THE SINGLE CURRENCY

Pop, Napoleon; Milea, Camelia; Lupu, Iulia; Criste, Adina; … - In: Studii Financiare (Financial Studies) 15 (2011) 1, pp. 171-189

, the accomplishment of the criteria of nominal convergence, necessary in order to adopt the euro, is a real challenge for …

Persistent link: https://www.econbiz.de/10009145197

Income convergence and inflation in Central and Eastern Europe : does the sun always rise in the East

Staehr, Karsten - Eesti Pank - 2010

This paper investigates the process of price convergence in the 10 new EU countries from Central and Eastern Europe. The analyses are based on panel data from 1995 to 2008 of the common currency price relative to the EU15 average. The lagged income level exhibit little explanatory power towards...

Persistent link: https://www.econbiz.de/10008540502

The global financial crisis and its implications on the convergence of Romania with the economic and monetary union

AVRAM, Veronel; AVRAM, Marioara - In: Finante - provocarile viitorului (Finance - Challenges … 1 (2010) 11, pp. 162-168

The international financial crisis has affected the new member States of the European Union as well, for which the convergence criteria represent the economic test of evaluation of a degree of economic preparation, in order to participate in the third stage of the Economic and Monetary Union....

Persistent link: https://www.econbiz.de/10008520612

Risks and Potential Benefits of Enlarging the Euro Zone

Criste, Adina - In: Studii Financiare (Financial Studies) 14 (2010) 2, pp. 142-164

Logically, the process of enlarging the euro zone, by assimilating the new EU member states, presumes first that the candidate countries meet the nominal criteria of convergence and, second, the actual adoption of the euro. The analysis of euro zone enlargement should reveal the potential costs...

Persistent link: https://www.econbiz.de/10008564682