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O abodare de ansamblu privind provocările adoptării euro: cazul României
[An overview of euro adoption challenges: the case of Romania]

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  • Avadanei, Andreea
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    Abstract

    Abstract. The scope of this paper is to highlight the Romanian strategy towards the euro adoption. We structured our article on sections that cover four main research directions. The first one illustrates the interlinkages between nominal and real convergence; the second presents a comparative analysis Romania-Slovakia; the third one points out the possible scenarios ex post common currency’ introduction and the fourth underlines the necessity of reforming the euro area entry criteria. We conclude by saying that the decision to join the Eurozone should not be taken only in terms of the ability to achieve the nominal convergence criteria, but also in relation to the progress of real convergence phenomenon. In their absence, the economy will become peripheral, less flexible and unable to manage and eliminate the shocks affecting it.

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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 28420.

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    Date of creation: 26 Jan 2011
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    Handle: RePEc:pra:mprapa:28420

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    Related research

    Keywords: economic and monetary union; convergence criteria; optimum currency area; catching-up process; structural reforms; financial system;

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    1. Zsolt Darvas, 2010. "The Case for Reforming Euro Area Entry Criteria," IEHAS Discussion Papers, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences 1022, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
    2. Iancu Aurel, 2007. "Convergenţa nominală," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 02, June.
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