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.

The study is based on the critical observations that the competitive market forces alone are not able to assure the convergence with the developed countries. 

The study defines the three types of convergence – institutional, nominal and real ones –, the connection among them and their main measurement indicators. 

În literatura de specialitate, insuficienta abordare a problematicii convergenţei face ca legăturile dintre convergenţa reală şi cea nominală să nu fie identificate corespunzător în vederea conturării unor posibile „drumuri de urmat” pentru ţările doritoare a accede în zona...

­The literature devoted to economic development concerns itself in a growing de­gree with the role and importance of institutions­­­

Research and Science Today Journal is a publication founded in 2011 and it is dedicated to the students of all levels (license, master and doctoral) of faculties in the country and abroad. We want to offer the participants the opportunity to present their scientific works in the following areas:...

Real convergence represents an essential objective for Romania\'s integration into the EU.

The process of adhesion to the European structures imposes a certain direction to the capital markets and by this to the economic development.