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Convergence, capital accumulation and the nominal exchange rate [PDF]
Journal of International Money and Finance, 2013 This paper develops a ‡exible price, two-sector growth model with a nominal side in order to study the role of the exchange rate regime in transition dynamics (capital and …nancial wealth accumulation). We adopt a standard model of a small open economy with traded and nontraded goods, and enrich its structure with costly investment and a preference for
Péter Benczúr, István Kónya
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THE IMPACT OF OUTPUT STRUCTURE AND NOMINAL CONVERGENCE ON REAL CONVERGENCE: THE CASE OF BULGARIA
Revista Inclusiones, 2022 The goal of this paper is to analyze the influence of output structure similarity and nominal convergence on real convergence between Bulgaria and the Euro area. The objective of the research is achieved by applying an autoregressive distributed lag (ARDL) approach on quarterly seasonally adjusted Eurostat data for the period 2003-2020.
Todorov, Ivan, Stavrova, Elena
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EURO ADOPTION – THE ILLUSION OF THE MONETARY INTEGRATION OF ROMANIA [PDF]
CES Working Papers, 2012 The accession to the European Union for Central and Eastern Europe countries involved their requirement to start the process of the European Monetary Union integration. The desire to enjoy the benefits of EU membership has made both the 10 countries that
Cristina Duhnea +2 more
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Romania’s Dilemmas in Perspective of EMU Integration [PDF]
Theoretical and Applied Economics, 2006 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 ...
Aura Niculescu, Cristian Socol
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THE PROSPECT OF THE ACCESSION OF ROMANIA TO THE EUROPEAN MONETARY UNION - AN APPROACH IN TERMS OF REAL CONVERGENCE [PDF]
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 2014 Joining the European Monetary Union and adopting the unique currency - euro requires the states to meet a set of real and nominal convergence criteria. Although the real convergence criteria are not mentioned in the Treaty of Maastricht, they planned
ANISOARA NICULINA APETRI +2 more
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Reflections on Croatia's Accession to the Euro Area [PDF]
Ovidius University Annals: Economic Sciences Series, 2023 Accession to the Economic and Monetary Union, although a historical process, is always a current and dynamic one, its challenges being each time complex and distinct due to the different circumstances in which this event occurs. The article's objective
Adina Criste , Iulia Lupu
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Real and nominal convergence in the central and east European accession countries [PDF]
Intereconomics, 2003 Following their accession to the EU, which is planned for May 2004, eight central and east European countries will subsequently strive for integration into the Eurosystem. The Eurosystem underlines the need for simultaneous real and nominal convergence as a prerequisite for integration into the euro area.
Herrmann, Sabine, Jochem, Axel
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The Path to Euro Adoption: a Case Study of Slovenia and Slovakia [PDF]
Global Economic Observer, 2021 By the terms of their treaties of accession, the financial integration and the adoption of the euro became binding on all new Member States of the European Union.
DORINA CLICHICI
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Geodesy and Geodynamics, 2023 Stochastic models play an important role in achieving high accuracy in positioning, the ideal estimator in the least-squares (LS) can be obtained only by using the suitable stochastic model.
Kamal Parvazi +2 more
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Real convergence in the new Member States of the European Union (Shorter and longer term prospects) [PDF]
The European Journal of Comparative Economics, 2010 The success of the integration process of the new EU Member States is reflected by their nominal and real convergence performance. These tendencies are of special importance considering further enlargement of the Eurozone.
Halmai, Péter, Vásáry, Viktória
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