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Autor:innen: 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
Working Papers No. 090602
Verlag: 
Romanian Academy, National Institute for Economic Research, Bucharest
Zusammenfassung: 
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.
Schlagwörter: 
Convergence criteria
exchange rate
exchange rate mechanisms
Euro Area
Balassa-Samuelson effect
tradable goods
non-tradable goods
exchange rate deviation index
purchasing power parity
JEL: 
F31
F33
O43
O47
Dokumentart: 
Working Paper

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