CEE COUNTRIES ON THE WAY TO EMU - A GENERAL OVERVIEW

Andreea Andries ()
Additional contact information
Andreea Andries: Alexandru Ioan Cuza University of Iasi, Romania

CES Working Papers, 2012, vol. 4(3a), issue 3a, 441-451

Abstract: This paper aims at pointing out the evolution in real and financial plans in order to adhere to the EMU, using a comparative approach, on the example of Romania, the Czech Republic, Poland and Hungary. The main results of the study are the following: the four countries have made notable progress in the years preceding the current crisis; however, considerable efforts are still needed in order to comply with the euro zone, in terms of living standards, economic structure, degree of openness of the economy, etc.; refer the financial convergence, directions are needed to increase the financial intermediation and financial depth in Romania and Poland, the Czech Republic and Hungary recording slightly more favourable indicators. On the other hand, central banks, except the Polish one, should significantly improve the transmission mechanism of monetary policy upon the financial and real sphere.

Keywords: real convergence; financial convergence; economic and financial crises; EMU Romania (search for similar items in EconPapers)
JEL-codes: E20 E40 E58 E60 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://ceswp.uaic.ro/articles/CESWP2012_IV3a_AND.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jes:wpaper:y:2012:v:4:i:3a:p:441-451

Access Statistics for this article

More articles in CES Working Papers from Centre for European Studies, Alexandru Ioan Cuza University Contact information at EDIRC.
Bibliographic data for series maintained by Alupului Ciprian ().