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Concerns Regarding To Successful Adoption Of The Euro In Romania


  • Adela Socol

    (1 Decembrie 1918 University of Alba Iulia Faculty of Sciences Alba Iulia, Romania)


The purpose of this paper is to survey the actual arrangements for adopting the euro currency in Romania. We analyzed the events and conditions that may influence and cause significant challenges, vulnerabilities and doubts about the euro changeover. We explore the issues related to Romania’s nominal convergence in order to adopt euro in 2015. We based our approach on the Maastricht Treaty criteria, a requirement for the euro currency adoption. We comparatively study Romania’s situation face to European Union Member States that did not adhere until now to ERM Exchange Rate Mechanism II and that do not benefit of special opt-outs stipulations - Czech Republic, Hungary, Poland and Bulgaria.

Suggested Citation

  • Adela Socol, 2012. "Concerns Regarding To Successful Adoption Of The Euro In Romania," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(18), pages 166-173, April.
  • Handle: RePEc:aio:rteyej:v:1:y:2012:i:18:p:166-173

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    References listed on IDEAS

    1. Michael C. Bonello & George M. von Furstenberg & Kari Kemppainen & Sinikka Salo, 2006. "The Adoption of the Euro, Choice of Currency Regime and Integration of Payment Systems," SUERF Studies, SUERF - The European Money and Finance Forum, number 2006/5 edited by Morten Balling.
    2. Gabriela Dragan & Gabriela Pascariu, 2008. "Romania and the Euro’s Adoption. Between Real and Nominal Convergence," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 11(27), pages 27-48, January.
    3. Felix Hüfner & Isabell Koske, 2008. "The Euro Changeover in the Slovak Republic: Implications for Inflation and Interest Rates," OECD Economics Department Working Papers 632, OECD Publishing.
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    More about this item


    Euro adoption in Romania; Convergence; Economic and Monetary Union; advantages and disadvantages; alternatives;

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies


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