The Study of Nominal Convergence in European Union
AbstractThe main idea of fulfilling all convergence criteria when a country wants to adopt euro is to ensure that only the Member States that have the adequate economic conditions to maintain the price stability and the coherence of the euro area can be a part of Euro Zone.
Toader, Valentin, Gîdiu, Valeria
openaire +2 more sources
Statistical evaluation of the degree of nominal convergence of the inflation rate in Romania [PDF]
Nominal convergence is a process that is characterised by the gradual harmonisation, to a relatively high degree, of the national institutions and policies of the Member States with those of the EU, in the monetary and financial fields.The birth of ...
Mihai GHEORGHE
doaj +1 more source
How is real convergence driving nominal convergence in the new EU Member States? [PDF]
Abstract We evaluate the empirical relevance of real convergence on the process of nominal convergence for the new EU Member States. We focus our discussion on two main channels: productivity growth and increased trade openness. Productivity growth can have a positive effect on price levels via the Balassa–Samuelson effect, whereas increased openness
Lein-Rupprecht, Sarah M. +2 more
openaire +4 more sources
The Role of the Exchange Rate Regime in the Process of Real and Nominal Convergence [PDF]
Abstract The Balassa–Samuelson (B–S) hypothesis suggests that, in catching-up countries, inflation will be comparatively higher, as prices of non-traded goods “catch up” with the growth of productivity in the tradable goods sector; as a result, these countries will experience real appreciation.
Gaetano D'Adamo, ROVELLI, RICCARDO
core +7 more sources
Effects of Economic and Financial Crisis on Nominal Convergence Indicators in New Member States
The importance of compliance with nominal convergence criteria is crucial for adopting the euroin New Member States (NMS). Although some of these countries have made remarkable efforts forcomplying with nominal criteria, structural and conjunctional ...
Iulia Lupu +3 more
doaj +1 more source
Convergence, congruence et créolisation
Congruence and convergence are frequently mentioned to explain crosslinguistic phenomena, such as code alternations, borrowings etc., which arise when languages are in contact (Matras 2009).
Georges Daniel Véronique
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Euro Adoption in Romania: An Exploration of Convergence Criteria [PDF]
The aim of this paper is to analyze the position of Romania towards the Maastricht criteria, starting from the assumption that meeting the nominal convergence criteria is no longer enough for the Romanian adoption of euro. The most significant risks that
Georgiana-Loredana Schipor
doaj
ECONOMIC DEVELOPMENT AND CONVERGENCE IN ROMANIA [PDF]
This paper presents the economic connection between nominal convergence, real convergence and economic development in Romania. It is shown that fulfilling the nominal criteria is not enough to enter the Economic Monetary Union. It needs to be accompanied
Elena-Raluca, MOISESCU (DUICAN)
doaj
The Structural Convergence of New Members of the European Union: An Input-Output Perspective
This paper aims to approach the topic of structural convergence for new member states from the perspective of input-output analysis. Using a set of input-output measures, based on the OECD RStan database, and a number of unit-root tests, both for ...
Petre Caraiani
doaj +1 more source
Correlation Analysis between Nominal and Real Convergence. The Romanian Case [PDF]
This study aims to analyze the sources of the correlation between the nominal and real convergence, as well as the impact of the macroeconomic politics on it.
Marius-Corneliu Marinas
doaj +1 more source

