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Romania And The Euro. An Overview Of Maastricht Convergence Criteria Fulfillment

Author

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  • IALOMITIANU Razvan Gheorghe

    (Lucian Blaga University of Sibiu, Romania)

  • BOLDEANU Teodor Florin

    (Lucian Blaga University of Sibiu, Romania)

Abstract

This paper proposes to explore the extent to which Romania meets the convergence criteria in adopting the euro and how the economic crisis and the fiscal consolidation measures affected Romania's efforts to adopt the single currency. This paper attempts an analysis of what it means or should the convergence criteria mean, and the current situation of Romania in adopting the euro currency. The methodology analysis the information provided by various national and international financial institutions, comparing them to reference values, analysing the efforts and results of previous years. Romania does not fulfill all convergence criteria.

Suggested Citation

  • IALOMITIANU Razvan Gheorghe & BOLDEANU Teodor Florin, 2017. "Romania And The Euro. An Overview Of Maastricht Convergence Criteria Fulfillment," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 69(1), pages 74-87, April.
    • Handle: RePEc:blg:reveco:v:69:y:2017:i:1:p:74-87
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/69106ialomitianu&boldeanu.pdf
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    More about this item

    Keywords

    euro currency; convergence criteria; Eurozone; economic consolidation;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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