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Adoptarea euro in Romania
[Euro adoption in Romania]

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  • Dumitru, Ionut

Abstract

This paper assesses the level of readiness of Romania to adopt euro, based on nominal and real convergence criteria evaluation. We used the optimal currency area criteria in order to assess the real convergence process in Romania. The main conclusion of the paper is that more progress is necessary in terms of nominal convergence criteria as well as real convergence criteria in order to prepare the economy to successfully participate in a monetary union.

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File URL: http://mpra.ub.uni-muenchen.de/18612/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 18612.

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Date of creation: 2009
Date of revision:
Handle: RePEc:pra:mprapa:18612

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Related research

Keywords: euro adoption; convergence; business cycle synchronization;

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References

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  1. Hochreiter, Eduard & Schmidt-Hebbel, Klaus & Winckler, Georg, 2002. "Monetary union: European lessons, Latin American prospects," The North American Journal of Economics and Finance, Elsevier, Elsevier, vol. 13(3), pages 297-321, December.
  2. Frankel, Jeffrey A & Rose, Andrew K, 1996. "The Endogeneity of the Optimum Currency Area Criteria," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1473, C.E.P.R. Discussion Papers.
  3. Frankel, Jeffrey & Rose, Andrew K., 2001. "An Estimate of the Effect of Common Currencies on Trade and Income," Working Paper Series, Harvard University, John F. Kennedy School of Government rwp01-013, Harvard University, John F. Kennedy School of Government.
  4. Frankel, Jeffrey A. & Rose, Andrew K., 1997. "Is EMU more justifiable ex post than ex ante?," European Economic Review, Elsevier, Elsevier, vol. 41(3-5), pages 753-760, April.
  5. Fidrmuc, Jarko & Korhonen, Iikka, 2006. "Meta-analysis of the business cycle correlation between the euro area and the CEECs," Journal of Comparative Economics, Elsevier, vol. 34(3), pages 518-537, September.
  6. Alberto Alesina & Robert J. Barro, 2000. "Currency Unions," NBER Working Papers 7927, National Bureau of Economic Research, Inc.
  7. Jarko Fidrmuc, 2004. "The Endogeneity of the Optimum Currency Area Criteria, Intra-industry Trade, and EMU Enlargement," Contemporary Economic Policy, Western Economic Association International, vol. 22(1), pages 1-12, 01.
  8. Michael Artis & Massimiliano Marcellino & Tommaso Proietti, 2004. "Characterising the Business Cycle for Accession Countries," Working Papers 261, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
  9. Fidrmuc, Jarko & Korhonen, Iikka, 2001. "Similarity of supply and demand shocks between the Euro area and the CEECs," BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition 14/2001, Bank of Finland, Institute for Economies in Transition.
  10. Bayoumi, Tamim & Eichengreen, Barry, 1992. "Shocking Aspects of Monetary Unification," Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley qt791143kp, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
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  20. Bayoumi, Tamim & Prasad, Eswar, 1995. "Currency Unions, Economic Fluctuations and Adjustment: Some Empirical Evidence," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1172, C.E.P.R. Discussion Papers.
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  22. Peter B. Kenen, 2000. "Currency areas, policy domains, and the institutionalization of fixed exchange rates," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library 20170, London School of Economics and Political Science, LSE Library.
  23. Bernd Kempa, 2002. "Is Europe converging to optimality?: On dynamic aspects of optimum currency areas," Journal of Economic Studies, Emerald Group Publishing, Emerald Group Publishing, vol. 29(2), pages 109-120, May.
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Citations

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Cited by:
  1. Tatomir, Cristina F. & Popovici, Oana, 2011. "Eyes on Romania: what to look when investing here?," MPRA Paper 36140, University Library of Munich, Germany.
  2. Damian, Monica, 2011. "Implicații ale pierderii autonomiei politicii monetare asupra procesului inflaționist," MPRA Paper 35061, University Library of Munich, Germany.
  3. Bojeşteanu, Elena & Manu, Ana Simona, 2011. "Analiza empirică a sincronizării ciclului de afaceri şi a similarităţii şocurilor între România şi zona euro
    [Empirical analysis of business cycle synchronization and shock similarity betw
    ," MPRA Paper 31295, University Library of Munich, Germany.
  4. Tatomir, Cristina F., 2011. "Structural Convergence of the Central and Eastern European Countries: Achivements in the Last Decade," MPRA Paper 35701, University Library of Munich, Germany.
  5. Teică Ramona Andreea1 Ph. D Student, 2011. "The Euro Adoption – A Recent Challenge, But With A Faraway Result," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, University of Craiova, Faculty of Economics and Business Administration, vol. 4(39), pages 142-149, May.

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