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Nominal Convergence In Romania

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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.

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Bibliographic Info

Article provided by University of Craiova, Faculty of Economics and Business Administration in its journal Revista Tinerior Economisti(The Young Economists Journal).

Volume (Year): 1 (2007)
Issue (Month): 9 (November)
Pages: 88-93

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Handle: RePEc:aio:rteyej:v:1:y:2007:i:9:p:88-93

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Related research

Keywords: European Monetary Union; ERM II; Euro; Maastricht Criteria; real convergence;

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  1. Cristian Socol & Aura Gabriela Socol, 2007. "Romanian Policy-Mix to Adopting Euro," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 9(9(514)), pages 29-32, September.
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