A COMPARATIVE ANALISYSIS OF THE REAL CONVERGENCE AND NOMINAL CONVERGENCE INDICATORS OF ROMANIA TO THE EUROZONE

Abstract

Abstract

Achieving nominal and real convergence represents the main objective of Romania on its way to the accession to the Economic and Monetary Union. In order to adopt the euro, our country must cover the gaps which separate us from the exclusive club of the euro area Member States. Romania's efforts take place in the context in which the European economies hardly recover from the financial crisis which started in 2008, the European Union existing a clear tendency of polarization between poor and developed countries and also more a divergence process than an economic convergence one. In this context we proceed with an analysis of real convergence and nominal convergence relevant indicators.