IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2022v1p113-116.html
   My bibliography  Save this article

The Nominal Convergence Criteria And Romania'S Compatibility With The Euro Area

Author

Listed:
  • LUCIAN-ION MEDAR

    (CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA)

  • IRINA-ELENA CHIRTOC

    (CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA)

Abstract

The developments in recent years in Romania regarding price stability, sound public finances, exchange rate stability and the convergence of long-term interest rates have significantly influenced the process of switching to the euro. The convergence criteria to be met by each state wishing to switch to the euro ensure that that state is prepared to adopt the euro and that its accession to the euro area will not cause economic risks for either the Member State or the euro area. ensemble. According to the latest Official Report of the European Union in 2020, Romania does not meet the criteria for joining the euro area. In the current economic situation, strongly influenced by the pandemic, it is obvious that for Romania, the concomitant fulfillment of the Maastricht criteria is more and more difficult to fulfill. The commitments made by the Romanian state to the European Commission, together with the approval of the National Recovery and Resilience Plan, do not guarantee Romania's economic success. In this paper, through an empirical research, we performed an adequate analysis on the EU requirements that Romania must meet in order to meet the commitments made and to achieve the criteria of nominal and real convergence in order to be part of the euro area.

Suggested Citation

  • Lucian-Ion Medar & Irina-Elena Chirtoc, 2022. "The Nominal Convergence Criteria And Romania'S Compatibility With The Euro Area," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 113-116, February.
    • Handle: RePEc:cbu:jrnlec:y:2022:v:1:p:113-116
    as

    Download full text from publisher

    File URL: https://www.utgjiu.ro/revista/ec/pdf/2022-01/13_Chirtoc.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2022:v:1:p:113-116. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.