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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.
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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Octavian-Dragomir JORA
Academia de Studii Economice din Bucureşti

Mara Andreea TUDOR
University of Chicago

Cătălin MURARAŞU
Academia de Studii Economice din Bucureşti

Ramona Iulia DIEACONESCU
Academia de Studii Economice din Bucureşti

Maria GHEORGHE (NIŢU)
Academia de Studii Economice din Bucureşti

Sorin-Nicolae CURCĂ
Academia Română

Revista ŒCONOMICA

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