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The strategy adopted by Romania EURO

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Author Info
Duduiala-Popescu, Lorena
Abstract

In the context in which most countries in Western Europe is almost unanimously accepted advantage of using the single currency, it appreciates that for Romania, whose foreign trade is facing up to approximately 2 / 3 to the market, adopting the single currency will bring real benefits. To become a EU member state, Romania has had to build and a reference system, the reference currency is Euro, not U.S. dollars. The new currency will be a factor of stability which will reduce a lot of trading losses due to local fluctuations of the dollar against euro. From 1 January 2003, the currency has been established in relation to EURO.

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File URL: http://mpra.ub.uni-muenchen.de/13321/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 13321.

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Date of creation: 03 Feb 2009
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Handle: RePEc:pra:mprapa:13321

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Related research
Keywords: euro; economic and monetary union; the safeguard clause; budget deficit; inflation;

Find related papers by JEL classification:
F15 - International Economics - - Trade - - - Economic Integration
G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Investment Policy
F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
F01 - International Economics - - General - - - Global Outlook
E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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This page was last updated on 2009-11-27.

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