Real convergence represents an essential objective for Romania's integration into the EU. The filling of the gap between Romania and the EU at a quick pace is not possible only through market forces, that might cause divergence and polarisation. For this purpose special tools, like cohesion, are...

This survey analyzes two types of models: 1. Models based on assumptions of monetary and financial market equilibrium disturbance in line with mainstream thinking to believe that is self-regulating market, the units would have rational expectations, an the crisis would be a temporary phenomenon...