Arbeitspapier
Nominal Convergence
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Papers ; No. 090602
- Klassifikation
-
Wirtschaft
Foreign Exchange
International Monetary Arrangements and Institutions
Institutions and Growth
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Thema
-
Convergence criteria
exchange rate
exchange rate mechanisms
Euro Area
Balassa-Samuelson effect
tradable goods
non-tradable goods
exchange rate deviation index
purchasing power parity
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Iancu, Aurel
- Ereignis
-
Veröffentlichung
- (wer)
-
Romanian Academy, National Institute for Economic Research
- (wo)
-
Bucharest
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Iancu, Aurel
- Romanian Academy, National Institute for Economic Research
Entstanden
- 2009
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