Features of Governing the Central Banks Candidate to the Eurosystem

The complexity of the European integration process consists of three implicative dimensions: the nominal dimension, the real dimension and the institutional dimension. Referring to the last one (the institutional dimension), the present paper aims to analyse the degree of “convergence” functioning of the National Banks from the Euro Area candidates countries, as to identify some similarities and differences between these institutions. The research methodology consists of displaying some characteristics of the central banks engaged in the process of European monetary integration, taking into account aspects concerning both the attributes of their governance, and their position related to the financial stability objective, an increasingly important parameter to consider after the global financial crisis outbreak (GFC2007). A foothold for the paper is the economic literature which has been formulated some specific criteria for evaluatingthe elements considered. On the other hand, the institutional convergence does not guarantee the success of the economic integration of the candidate country to the Euro Area, but it could be an important benchmark for making comparison between countries which have been preparing to adopt Euro.