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The risks of Euro adoption in Romania – an analysis based on ten criteria

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  • Marius-Corneliu MARINAŞ

    (The Bucharest University of Economic Studies)

Abstract

In this study, I have proposed and examined ten criteria to analyze the challenges of joining at Monetary Union, explaining the need to include them in government and multinational companies’ strategies. The criteria adopted in the case of Romania concern the potential impact of Euro adoption on economic activities, the common monetary policy effects on the Romanian economy, synchronization with the Euro area, labour market flexibility, as a tool of shocks adjustment etc. After stating each criterion, I have made a brief analysis of how that could affect the balance of costs and benefits of giving up own currency, using conclusions of the optimum currency areas theory.

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Bibliographic Info

Article provided by Asociatia Generala a Economistilor din Romania - AGER in its journal Theoretical and Applied Economics.

Volume (Year): XVIII(2013) (2013)
Issue (Month): 1(578) (January)
Pages: 33-50

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Handle: RePEc:agr:journl:v:1(578):y:2013:i:1(578):p:33-50

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Related research

Keywords: real convergence; trade integragion; business cycle convergence; labour market flexibility; optimum currency area.;

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