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European Monetary Union And Romania

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  • Ramona Toma

    (Lucian Blaga University of Sibiu, Faculty of Economic Sciences)

Abstract

Romania face the question of whether and in what time frame the economy will be capable of fulfilling the conditions for entering into the euro area. In general, those conditions can be understood as attaining such parameters in various fields of economic life that will ensure successful operation of the economy in the environment of the single monetary policy of the European Central Bank. This article analyzes the main issues of the euro adoption in Romania. In the medium term, an important challenge for Romania is to achieve real and nominal convergence. Within this framework, the Eurosystem emphasizes the need to perform real convergence in parallel with and not on the behalf of nominal convergence. The question of optimal timing of euro adoption has to be addressed.

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File URL: http://economice.ulbsibiu.ro/RePEc/blg/reveco/415toma.pdf
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Bibliographic Info

Article provided by Lucian Blaga University of Sibiu, Faculty of Economic Sciences in its journal Revista economica.

Volume (Year): 41 (2008)
Issue (Month): 4 ()
Pages: 40-48

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Handle: RePEc:blg:reveco:v:41:y:2008:i:4:p:40-48

Contact details of provider:
Postal: Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No.17, postal code 550324, Sibiu, Romania
Phone: 004 0269 210375
Fax: 004 0269 210375
Email:
Web page: http://economice.ulbsibiu.ro/
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Related research

Keywords: euro adoption; convergence; Romania;

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