CEE COUNTRIES ON THE WAY TO EMU - A GENERAL OVERVIEW
This paper aims at pointing out the evolution in real and financial plans in order to adhere to the EMU, using a comparative approach, on the example of Romania, the Czech Republic, Poland and Hungary. The main results of the study are the following: the four countries have made notable progress in...
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| Format: | Article |
| Language: | English |
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Alexandru Ioan Cuza University of Iasi
2012-10-01
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| Series: | CES Working Papers |
| Subjects: | |
| Online Access: | http://cse.uaic.ro/WorkingPapers/articles/CESWP2012_IV3a_AND.pdf |
| _version_ | 1828738526963826688 |
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| author | Andreea Andrieş |
| author_facet | Andreea Andrieş |
| author_sort | Andreea Andrieş |
| collection | DOAJ |
| description | This paper aims at pointing out the evolution in real and financial plans in order to adhere to the EMU, using a comparative approach, on the example of Romania, the Czech Republic, Poland and Hungary. The main results of the study are the following: the four countries have made notable progress in the years preceding the current crisis; however, considerable efforts are still needed in order to comply withthe euro zone, in terms of living standards, economic structure, degree of openness of the economy, etc.; refer the financial convergence, directions are needed to increase the financial intermediation and financial depth in Romania and Poland, the Czech Republic and Hungary recording slightly more favourable indicators. On the other hand, central banks, except the Polish one, should significantly improve the transmission mechanism of monetary policy upon the financial and real sphere. |
| first_indexed | 2024-04-13T00:05:01Z |
| format | Article |
| id | doaj.art-a5a7e74c354e477aa4a1c25fd4a282c4 |
| institution | Directory Open Access Journal |
| issn | 2067-7693 |
| language | English |
| last_indexed | 2024-04-13T00:05:01Z |
| publishDate | 2012-10-01 |
| publisher | Alexandru Ioan Cuza University of Iasi |
| record_format | Article |
| series | CES Working Papers |
| spelling | doaj.art-a5a7e74c354e477aa4a1c25fd4a282c42022-12-22T03:11:16ZengAlexandru Ioan Cuza University of IasiCES Working Papers2067-76932012-10-0143a441451CEE COUNTRIES ON THE WAY TO EMU - A GENERAL OVERVIEWAndreea AndrieşThis paper aims at pointing out the evolution in real and financial plans in order to adhere to the EMU, using a comparative approach, on the example of Romania, the Czech Republic, Poland and Hungary. The main results of the study are the following: the four countries have made notable progress in the years preceding the current crisis; however, considerable efforts are still needed in order to comply withthe euro zone, in terms of living standards, economic structure, degree of openness of the economy, etc.; refer the financial convergence, directions are needed to increase the financial intermediation and financial depth in Romania and Poland, the Czech Republic and Hungary recording slightly more favourable indicators. On the other hand, central banks, except the Polish one, should significantly improve the transmission mechanism of monetary policy upon the financial and real sphere.http://cse.uaic.ro/WorkingPapers/articles/CESWP2012_IV3a_AND.pdfreal convergencefinancial convergenceeconomic and financial crisesEMU |
| spellingShingle | Andreea Andrieş CEE COUNTRIES ON THE WAY TO EMU - A GENERAL OVERVIEW CES Working Papers real convergence financial convergence economic and financial crises EMU |
| title | CEE COUNTRIES ON THE WAY TO EMU - A GENERAL OVERVIEW |
| title_full | CEE COUNTRIES ON THE WAY TO EMU - A GENERAL OVERVIEW |
| title_fullStr | CEE COUNTRIES ON THE WAY TO EMU - A GENERAL OVERVIEW |
| title_full_unstemmed | CEE COUNTRIES ON THE WAY TO EMU - A GENERAL OVERVIEW |
| title_short | CEE COUNTRIES ON THE WAY TO EMU - A GENERAL OVERVIEW |
| title_sort | cee countries on the way to emu a general overview |
| topic | real convergence financial convergence economic and financial crises EMU |
| url | http://cse.uaic.ro/WorkingPapers/articles/CESWP2012_IV3a_AND.pdf |
| work_keys_str_mv | AT andreeaandries ceecountriesonthewaytoemuageneraloverview |