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TRENDS IN THE NEW EU MEMBER STATES MACROECONOMIC POLICIES TO ADOPT THE EURO. PERFORMANCE OF THE ROMANIAN MACROECONOMIC POLICIES TO ADOPT THE EURO

Napoleon Pop, Iulia Lupu, Camelia Milea, Floarea Iordache, Elena Ana Mosneanu, Silviu Ionascu, Adina Criste and Alina Georgeta Glod
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Floarea Iordache: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy
Elena Ana Mosneanu: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy
Silviu Ionascu: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy
Alina Georgeta Glod: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy

Authors registered in the RePEc Author Service: Alina Georgeta Ailincă

Studii Financiare (Financial Studies), 2010, vol. 14, issue 1, 123-140

Abstract: The global financial crisis created new challenges for the states that have joined the European Union in 2004 and 2007, but that are not yet members of the Euro zone; the maintenance of the convergence indicators below the reference values is a real challenge for the new EU member states. This study aims to evaluate the macroeconomic policies which these countries implemented in their endeavour to adopt the Euro. It starts from the analysis of the stage of meeting the nominal criteria of convergence and it subsequently identifies some characteristics of the macroeconomic policies, stressing on the importance of reformulating and recalibrating these macroeconomic policies so that they can cope with the current challenges.

Keywords: nominal criteria of convergence; adoption of the Euro; economic and financial crisis; new member states; macroeconomic policies (search for similar items in EconPapers)
JEL-codes: E24 E31 E52 E58 E62 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:14:y:2010:i:1:p:123-140

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