Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/110428
Authors: 
Iancu, Aurel
Year of Publication: 
2009
Series/Report no.: 
Working Papers of National Institute of Economic Research, Romanian Academy 090602
Abstract: 
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.
Subjects: 
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
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.