EconPapers    
Economics at your fingertips  
 

Nominal Convergence

Aurel Iancu

Working Papers of National Institute of Economic Research from National Institute of Economic Research

Abstract: After presenting the institutional construction during the pre-accession and post-accession to the Economic and Monetary Union (EMU), the exchange rate mechanisms (ERM) in several countries and the convergence criteria, we go on with a brief analysis of the way the CEE countries cope with the convergence criteria in accordance with the Maastricht Treaty. Then, the study deals with a topic often discussed in the scientific literature and included on the agenda of decision-makers at various levels, in order to clarify the following major issues: a shorter transition to the euro, the exchange rate equilibrium versus the inflation rate diminution and the Balassa-Samuelson effect, the exchange rates and the exchange rate deviation index, evidences concerning the real exchange rate equilibrium and the appreciation of the exchange rate in the CEE countries.

Keywords: Convergence criteria; exchange rate; exchange rate mechanisms; Euro Area; Balassa-Samuelson effect; tradable goods; non-tradable goods; exchange rate deviation index; purchasing power parity (search for similar items in EconPapers)
JEL-codes: F31 F33 O43 O47 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-ifn, nep-mon, nep-opm and nep-tra
Date: 2009-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://www.workingpapers.ro/2009/wpince090602.pdf (application/pdf)

Related works:
Journal Article: Nominal Convergence (2008) Downloads
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:ror:wpince:090602

Access Statistics for this paper

More papers in Working Papers of National Institute of Economic Research from National Institute of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ().

 
Page updated 2019-08-20
Handle: RePEc:ror:wpince:090602