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Romania On The Way Of Euro Adoption

Author

Listed:
  • Ionuţ Dumitru

    (Bucharest University of Economic Studies)

  • Ionela Jianu (Dumitru)

    (Bucharest University of Economic Studies)

Abstract

Based on optimal currency area (OCA) criteria, this paper is assessing the real convergence process in Romania from the Euro adoption perspective. Our findings suggest that the correlation of the business cycle in the case of Romania is one of the lowest among NMS, and the demand shocks are still negatively correlated with Eurozone for some NMS, including Romania. The main conclusion of our paper is the fact that Romania still needs time to progress on the real convergence criteria in order to adopt Euro without major costs.

Suggested Citation

  • Ionuţ Dumitru & Ionela Jianu (Dumitru), 2013. "Romania On The Way Of Euro Adoption," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(Special I), pages 431-443, March.
    • Handle: RePEc:agr:journl:v:xx:y:2013:i:special-i:p:431-443
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