Synchronization of the business cycle with that of the eurozone after accession to the European Union. The case of Romania
References
- Barro, R., and Jong-Wha, L. (2000). International Data on Education and Attainments: Updates and implications. Center for International Development Working Paper 42, Harvard University
- Bilbiie, F.O., Meier, A., and Müller, G.J. (2006). What accounts for the changes in U.S. fiscal policy transmission?. ECB Working Paper, No. 582.
- Böwer, U., and Guillemineau, C. (2006). Determinants of business cycle synchronization across euro area country, European Central Bank, Working Paper Series, No. 587.
- Caraiani, P. (2004). Nominal and real characteristics of business cycles in the Romanian economy. Institute of Economic Forecasting. Available at: <http://www.ipe.ro/RePEc/WorkingPapers/cs5-2004-3.pdf> [Accessed April 2021].
- European Central Bank. Convergence reports since 1996. Available at: <https://ec.europa.eu/info/business-economy-euro/euro-area/enlargement-euroarea/convergence-reports_en> [Accessed April 2021].
- National Bank of Romania, Annual Reports since 1998. Available at: <https://www.bnr.ro/PublicationDocuments.aspx?icid=3043> [Accessed April 2021].
- Dăianu, D., Kallai, E., Mihailovici, G., and Socol, A. (2016). Romania and accession to the Eurozone: the question is under what conditions? European Institute of Romania. Available at: <http://ier.gov.ro/wpcontent/uploads/publicatii/SPOS_2016_Romania_si_aderarea_la_zona_euro.pdf> [Accessed June 2021].
- Dolado, J.J., and Lütkepohl, H. (1996). Making Wald test work for cointegrated VAR systems. Econometric Reviews, 15, pp. 369-386.
- Gaspar, V. (2003). Real and nominal convergence in the European Union. European Central Bank. Available at: <https://www.ecb.europa.eu/press/key/date/2007/html/sp071120.en.html> [Accessed May 2021].
- Gălățescu, A., Rădulescu, B., and Copaciu, M. (2007). Estimation of potential GDP in Romania, study books no. 20, National Bank of Romania.
- Grauwe, P. (2003). The Enlarged Eurozone: Can it survive?, The Netherlands Institute for Advanced Study.
- Iancu, A. (2007b). Types of convergence. Institutional convergence. Economic Review. Available at: <http://oeconomica.org.ro/files/pdf/36.pdf> [Accessed June 2021].
- Iancu, A. (2009). Nominal convergence. National Institute of Economic Research. Available at: <http://www.studii-economice.ro/2009/seince090703.pdf> [Accessed in May 2021].
- Imbs, J. (2004). Trade, Finance, Specialization, and Synchronization, Review of Economics and Economics. Statistics 86(3), 723-734.
- Imbs, J. (2006). The Real Effects of Financial Integration, Journal of International Economics,
- INNSE (2009). Monthly statical bulletin. Available at: <http://www.insse.ro/cms/files/arhiva_buletine2009/bsl_4.pdf> [Accessed on April 20, 2021].
- Isărescu, M. (2015). Nominal convergence versus real convergence. Conference: Romania’s path towards the euro, National Bank of Romania. [Accessed June 2021].
- Isărescu, M. (2007). Romania, the changeover to the euro. The National Bank of Romania. [Accessed May 2021].
- Kose, M.A., Eswar, S.P., and Marco, E.T. (2003). How Does Globalization Affect the Synchronization of Business Cycles?, American Economic Review Papers and Proceedings, 93(2), 57-62.
- Lieve, B., Ferrando, A., Hördahl, P., Krylova, E., and Monnet, C. (2004). Measuring Financial Integration in the Euro Area. ECB Occasional Paper 14.
- Lütkepohl, H., and Kratzig, M. (2004). Applied Time Series Econometrics (Themes in Modern Econometrics). Cambridge University Press.
- Marinaș, M. (2013). Analysis of the adoption of the risks of the euro by Romania based on ten criteria. Journal of Theoretical and Applied Economics. Vol. XX, No. 1 (578). Available at: <http://store.ectap.ro/articole/814_ro.pdf> [Accessed June 2021].
- Marinaș, M. (2013). Real convergence and synchronization of business cycles with the euro area. ASE Bucharest Publishing House. Available at: <https://www.editura.ase.ro/Convergentareala-si-sincronizzazione-ciclurilor-de-afaceri-cu-zona-euro/> [Accessed May 2021].
- Sala-i-Martin, X. (1997). I Just Ran Two Million Regressions, American Economic Review Papers and Proceedings 87(2), 178-183.
- Sebnem, K. O., Sorensen, B., and Yosha, O. (2003). Economic Integration, Industrial Specialization, and the Asymmetry of Macroeconomic Fluctuations. Journal of International Economics 55, 107-137.
- Schwerdt, G., and Turunen, J. (2006), Growth in euro area labour quality. European Central Bank, Working Paper Series, No. 575.
- Tatomir, C.F. and Popovici, O.C. (2013). Synchronization of Business Cycles at the Level of the European Union: Dezyderat or Reality? Theoretical and applied economics, Vol. XX, Nr. 7 (584). Available at: <http://store.ectap.ro/articole/878_ro.pdf> [Accessed May 2021].
- Vasiloiu, I.N. (2016). Romania’s challenges with respect to integration into the euro area. Theoretical and Applied Economics Magazine. Available at: <http://store.ectap.ro/articole/1223.pdf/> [Accessed May 2021].
- Vişan, C., and Ailenei, D. (2013). Prediction of the economic crisis by analyzing the forms of manifestation of business cycles. Theoretical and Applied Economics, Vol. XX, Nr.10 (587). Available at: <http://store.ectap.ro/articole/916_ro.pdf> [Accessed June 2021].
DOI: https://doi.org/10.2478/picbe-2022-0065 | Journal eISSN: 2558-9652
Language: English
Page range: 682 - 694
Published on: Aug 8, 2022
Published by: Bucharest University of Economic Studies
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year
Keywords:
Related subjects:
© 2022 Elena Florentina Matei, Ioana Manuela Mindrican, published by Bucharest University of Economic Studies
This work is licensed under the Creative Commons Attribution 4.0 License.