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The Analysis of the Nominal Convergence in the New Member States of the European Union

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  • Adrian Petre

Abstract

The main objective of this research is to determine the stage where stands the new Member States of the European Union, that are not part of the euro area, in terms of nominal convergence. Based on comparative analysis, the research has highlighted that Romania, along with Bulgaria, Poland and the Czech Republic meet the criteria imposed by the Maastricht Treaty and are prepared from this point of view to join the euro area. The study also revealed the need to reform the nominal convergence criteria, because of their limitation.

Suggested Citation

  • Adrian Petre, 2016. "The Analysis of the Nominal Convergence in the New Member States of the European Union," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 19(61), pages 245-254, September.
    • Handle: RePEc:rej:journl:v:19:y:2016:i:61:p:245-254
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    References listed on IDEAS

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
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    4. Lewis, John, 2009. "Hitting and hoping?: Meeting the exchange rate and inflation criteria during a period of nominal convergence," European Journal of Political Economy, Elsevier, vol. 25(4), pages 508-524, December.
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    More about this item

    Keywords

    nominal convergence; economic growth models; sustainability;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F15 - International Economics - - Trade - - - Economic Integration
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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