Real Convergence in Romania - A Comparative Approach to Non-erm II Countries from Central and Eastern Europe

The purpose of this paper is to survey the issue of real convergence in Central and Eastern Europe, based our approach on the literature review in the field and intended to develop a comparative approach of the main criteria of real convergence. We comparatively study Romania’s situation face to European Union Member States that did not adhere until now to ERM Exchange Rate Mechanism II and that do not benefit of special opt-outs stipulations - Czech Republic, Hungary, Poland and Bulgaria. The challenges of the paper consisted in identification and choose of the criteria which properly characterize the real convergence issue of the national economies. This approach is imposed by the widespread concept of real convergence and its different meanings or measurement manners.