The USV Annals of Economics and Public Administration, Vol 11, No 2

Font Size:  Small  Medium  Large

Convergence process - precondition for ensuring financial and monetary stability in Euro area

Anca Elena Nucu

Abstract


In conditions of financial globalization, innovations’ development and a broad spectrum of risks’ amplification, between financial stability and monetary stability are created an interdependence relationship. Ensuring systemic financial-monetary stability has become a priority of the international economic agenda, particularly for candidate countries to the euro area. The purpose of this article is to highlight the importance of nominal and real convergence as a precondition for financial and monetary stability under Economic and Monetary Union (E.M.U.). Also, we made a comparative analysis of nominal convergence criteria on the example of Central and Eastern Europe countries during the period 2006-2010, stressing, finally, the need to revise the criteria for accession to the Euro zone.

Full Text: PDF

                     Ştefan cel Mare University of Suceava                   Faculty of Economics, Administration and Business
 

 

Licenţa Creative Commons
The articles in this journal are licensed under a Creative Commons Attribution-ShareAlike 4.0 International License .

Since 2008. Maintained by Livius.