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Romanian Policy-Mix to Adopting Euro

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Author Info

  • Cristian Socol
  • Aura Gabriela Socol

    (Academia de Studii Economice, Bucuresti)

Abstract

This paper evaluates the present estate of Euro implementation in Monetary and Economic Union (EMU) and Romanian position in this context. The Romanian admittance in EU at January 2007 increased the interest to study the transmission and coordination mechanisms, related to mix common monetary policy – different fiscal policy across the countries in the Euro area. Our study focuses on the consequences of Romanian admittance in Euro Zone in 2014 and optimal policy-mix to good preparation to accomplish this target. The controversies between economists regarding the construction process of EMU remain large. What are the consequences of implementing the “tye-hands” strategy for Romanian financial authorities? Can Romania solve the potential conflict between real and nominal convergence relating the European integration? What is the best strategy for Romania with the aim to obtain a faster real convergence with the European Union countries? Can Romania maximize the benefits to adopting Euro in 2014?

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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): 9(514) (2007)
Issue (Month): 9(514) (September)
Pages: 29-32

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Handle: RePEc:agr:journl:v:9(514):y:2007:i:9(514):p:29-32

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Related research

Keywords: optimum currency area; costs; benefits; European Monetary Union; euro; convergence.;

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Cited by:
  1. Andreea-Maria Ciobanu, 2007. "Nominal Convergence In Romania," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(9), pages 88-93, November.

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