Sustainability of convergence in the context of macro-prudential policies in the European Union

Cristina Morar Triandafil ()

Working Papers of National Institute for Economic Research from Institutul National de Cercetari Economice (INCE)

Abstract: This postdoctoral research aimed to highlight sustainability convergence criteria in the context of financialisation, with impact on the prudential regulator. Based on complex analysis, the research work has revealed that countries in Central and Eastern Europe still face significant macroeconomic risks caused by fragile macroeconomic structures. These countries have been undergoing a catching up process that contributes to the amplification of divergence across the European Union. Being heavily dependent on external financial flows, these countries involve a high macro-prudential risk, affecting the pace of real convergence.

Keywords: convergence; macro-prudential; sustenability; nominal and real economy (search for similar items in EconPapers)
JEL-codes: E20 E51 E52 E60 (search for similar items in EconPapers)
Pages: 143 pages
Date: 2013-06
New Economics Papers: this item is included in nep-mac and nep-tra
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ror:wpince:130618

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