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Nominal Convergence In Romania

Author

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  • Andreea-Maria Ciobanu

    (University of Craiova, Faculty of Economics and Business Administration, Romania)

Abstract

The recent EU enlargement process brings in attention the next obvious step, entering European Monetary Union. For the two new EU members, as well as for the ten entered in 2004, adopting the euro as national currency seems to be a priority objective, although it is not a choice, but a must. The enlargement is an opportunity to evaluate the Maastricht criteria for adopting the single currency. This paper evaluates the degree of accomplishing of the nominal convergence criteria by Romania. Even if the euro adoption is still far away from our country, we must concentrate in the next few years mainly in the catching-up process. The study shows that even we can fulfill the Maastricht Criteria, we should wait before euro adoption until we will reach the real convergence, for avoiding the asymmetric shocks.

Suggested Citation

  • 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.
    • Handle: RePEc:aio:rteyej:v:1:y:2007:i:9:p:88-93
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    File URL: http://feaa.ucv.ro/RTE/009-10.pdf
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    References listed on IDEAS

    as
    1. Willem H. Buiter & Clemens Grafe, 2002. "Anchor, float or abandon ship: exchange rate regimes for the accession countries," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 55(221), pages 111-142.
    2. Mr. George Kopits, 1999. "Implications of EMU for Exchange Rate Policy in Central and Eastern Europe," IMF Working Papers 1999/009, International Monetary Fund.
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    Cited by:

    1. Mourao, Paulo Reis, 2018. "What is China seeking from Africa? An analysis of the economic and political determinants of Chinese Outward Foreign Direct Investment based on Stochastic Frontier Models," China Economic Review, Elsevier, vol. 48(C), pages 258-268.

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    More about this item

    Keywords

    European Monetary Union; ERM II; Euro; Maastricht Criteria; real convergence;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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