%0 Journal Article
%T Nominal Convergence
%A Aurel Iancu
%J Review of Economic and Business Studies (REBS)
%D 2008
%I Alexandru Ioan Cuza University of Iasi
%X 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.
%K Convergence criteria
%K exchange rate
%K exchange rate mechanisms
%K Euro Area
%K Balassa-Samuelson effect
%K tradable goods
%K non-tradable goods
%K exchange rate deviation index
%K purchasing power parity
%U http://rebs.ro/resource/REBS_2/Research%20Paper/Iancu_-_A_nominal_convergence.pdf