Nominal convergence of the new member states of the European Union Cover Image

Konwergencja nominalna nowych państw członkowskich Unii Europejskiej
Nominal convergence of the new member states of the European Union

Author(s): Sławomir Pastuszka
Subject(s): Economy
Published by: EUROREG - Uniwersytet Warszawski, Regional Studies Association - Sekcja Polska
Keywords: European Union; new member states; nominal convergence; general government deficit; public debt; inflation rate; long-term interest rate

Summary/Abstract: An Economic and Monetary Union is the next stage of European integration. The membership in the euro zone should result in strengthening the safety and stability of the national economy. Therefore, the new member countries ought to aspire to accession, meeting in advance the Maastricht convergence criteria. The paper presents the assessment of the nominal convergence of new EU members (general government deficit and general public debt related to GDP, annual average inflation rates, long-term interest rates) in 2004–2009.

  • Issue Year: 12/2011
  • Issue No: 45
  • Page Range: 133-150
  • Page Count: 18
  • Language: Polish