Romania’s Dilemmas in Perspective of EMU Integration

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Romania’s Dilemmas in Perspective of EMU Integration

Cristian Socol; Aura Niculescu

Theoretical and applied economics, 02/2006, Volume: XIII, Issue: 2

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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 with the European Union countries is explained with Ballassa-Samuelson effect. In addition, according this effect, we study the monetary policy regimes for Romanian authorities in perspective of the future admittance in Exchange Rate Mechanism II (ERM II).

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