Romania's Dilemmas in Perspective of EMU Integration

Cristian Socol () and Aura Niculescu
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Aura Niculescu: Academy of Economic Studies, Bucharest
Authors registered in the RePEc Author Service: Aura Gabriela Socol ()

Theoretical and Applied Economics, 2006, vol. 2(497), issue 2(497), 107-114

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. (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:2(497):y:2006:i:2(497):p:107-114

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