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The strategy adopted by Romania EURO

Author

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  • 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.

Suggested Citation

  • Duduiala-Popescu, Lorena, 2009. "The strategy adopted by Romania EURO," MPRA Paper 13321, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:13321
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    More about this item

    Keywords

    euro; economic and monetary union; the safeguard clause; budget deficit; inflation;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • 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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