Revista OEconomica

Tudor Constantin BĂLAN - Cycles of Freedom: Are Our Rights Today Permanently Secured, or Are We in a Transitional Phase? The Cases of Great Britain, the United States, and Russia

Marius-Cristian PANĂ, Adela BĂLAN - Economic Freedom and Prosperity: A Comparative Analysis of Welfare Determinants at the International Level

Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Aurel IANCU

Academia Română

This study offers from the beginning a survey about the institutional construction in the pre- and post-adhesion stages to European Economic and Monetary Union, about the exchange rate mechanism applied by the different countries and about convergence criteria. Then, it analyses how different Central and Eastern European countries realise the convergence criteria corresponding Treaty of Maastricht. The study emphasizes a debating subject in economic literature, subject found too on policy-makers agenda; the author searches some answers to important problems as: shortening the period to adoptee euro, the stability of the exchange rate versus lessening inflation rate and Balassa-Samuelson effect, the exchange rates and exchange rate deviation indices, the equilibrium of the exchange rate, the trend to appreciation of exchange rates in Central and Eastern European Countries.

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ŒCONOMICA no. 2/2007

Keywords: convergence criteria, exchange rate, exchange rate mechanism, euro zone, Balassa-Samuelson effect, marketable goods, non-marketable goods, the deviation index of exchange rate, equilibrium, appreciation, depreciation, purchasing power parity

JEL: F15, O57, F2, P37, P52

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