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Romania And The Nominal And Real Convergence Criteria

Author

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  • DUDUIALA POPESCU LORENA

    (UNIVERSITY CONSTANTIN BRANCUSI OF TG-JIU)

Abstract

The EURO introducing its mark on the business environment through the effects they generate. The businesses and investors around the world are anxious to know whether EURO will be weaker or stronger than currencies that preceded it. In this paper, I analyze how Romania fulfills real and nominal convergence criteria to join the eurozone. This present study was designed to investigate the experience of the cohesion countries who that have experienced substantial current account deficits and which show that capital flows have had a positive effect on the process of real convergence. The impact was more significant if they were accompanied by transfers of technology and business environment was favorable for business development.

Suggested Citation

  • Duduiala Popescu Lorena, 2016. "Romania And The Nominal And Real Convergence Criteria," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 135-138, December.
  • Handle: RePEc:cbu:jrnlec:y:2016:v:2special:p:135-138
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