In this paper we intend to identify and analyze, if it is the case, an “epidemiological” relationship between forecasts of professional investors and short-term developments in the EUR/RON exchange rate. Even that we don’t call a typical epidemiological model as those ones used in biology...

With the adhesion in the European Union, Romania must realize the integration in the system comes along with formal and informal obligations. One of the system's purposes is the cohesion between the members, least but no less important is the politics co-ordination between the members and the...

European public debt crisis led to a reversal of economic strategy for the policy makers. The lack of vision when choosing the budget deficit as an important factor in SGP has allowed a discretionary fiscal behavior for the member states. The budget deficit of the member states was strongly...

The Eurozone sustainability could become a real challenge in the current economical environment, characterized by uncertainty and lack of credibility. The issue of public debts represents a threat for the European financial system, while the coordination process of the economic policies at the...

The set of fiscal rules within the Euro area are based on the functionality of the automatic stabilizers as a main instrument of the fiscal stabilization. This non-discretionary approach should guarantee that the evolution of the current budget deficit is anti-cyclic and thus it should...

This paper presents the main costs and benefits of accession to the EMU countries, different transmission mechanisms of monetary policy measures villages as national fiscal policies and the procedures for quantifying the effects of these measures on the real economy. Are costs caused by the...

Our study evaluates the trade-off between real and nominal convergence in transition countries relating European integration (case of Romania). The potential conflict between Maastricht criteria and the possibility to obtain a faster real convergence with the European Union countries is...

After several years of perseverant implementation, the reform policies we have been pursuing have led to significant and identifiable results. Romania’s economy has continued to perform strongly, although growth is expected to moderate to 6 percent in 2007 on account of prolonged drought...

This paper evaluates the present estate of Euro implementation in Monetary and Economic Union (EMU) and Romanian position in this context. The Romanian admittance in EU at January 2007 increased the interest to study the transmission and coordination mechanisms, related to mix common monetary...

The european model is confronted with a potential crise. Economic convergence concerns the gaps in living standards between countries: are they closing or widening, and at what speed? Are relatively poor economies to remain poor for many generations? Are the rich countries of next century to be...