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Romania On The Way To Eurozone: The Accession Deadline

Author

Listed:
  • Lecturer Andreea Maria Ciobanu, Ph. D

    (University of Craiova, Faculty of Economics and Business Administration, Romania)

Abstract

The fact that Romania has met in June 2014 for the first time all nominal criteria laid down in the Maastricht Treaty for the adoption of the euro, including inflation and is presenting quite well at the real convergence criteria does not mean that there are no long term risks that can damage this situation. Setting by the authorities of a date, January the 1st, 2019, for euro adoption is an ambitious objective and therefore structural problems and competitiveness must be the top priority of any government. From these brief considerations this article proposes, based on analyses and calculations to evaluate Romania's chances to meet the target and at the same time, to suggest some directions in order to avoid the mistakes done by other countries that have entered less prepared in the euro area. The article tries to set a proper timing for euro adoption in Romania, with minimum risk and maximum benefit given the need for sustainable nominal convergence criteria besides ensuring increased competitiveness in support of a real sustainable economic growth.

Suggested Citation

  • Lecturer Andreea Maria Ciobanu, Ph. D, 2015. "Romania On The Way To Eurozone: The Accession Deadline," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(24), pages 105-112, APRIL.
    • Handle: RePEc:aio:rteyej:v:1:y:2015:i:24:p:105-112
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    More about this item

    Keywords

    convergence indicators; Maastricht criteria; growth rates;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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