IDEAS home Printed from https://ideas.repec.org/a/ddj/fserec/y2017p59-73.html
   My bibliography  Save this article

Premises and Consequences of the Adoption of the Euro as the Single Currency in Romania

Author

Listed:
  • Violeta Elena DRAGOI

    (Valahia University of Târgoviste, Romania)

  • Lucretia Mariana CONSTANTINESCU

    (Valahia University of Târgoviste, Romania)

  • Larisa Elena PREDA

    (Valahia University of Târgoviste, Romania)

Abstract

For joining the Economic and Monetary Union, the intermediate objective for Romania is the fulfilment of the requirements of the Treaty of Maastricht which provide the obtaining of concrete results regarding the deficits/budget surpluses, public debt, inflation, the interest rates and the exchange rates. The Euro is the single currency adopted by the 19 Member States of the European Union which together form the euro area or the Eurosystem. The introduction of the euro was an important step for the European integration. The transition to a monetary union based on currency courses irreversibly fixed and the introduction of the single currency has an important impact on the international economic relations. A new framework for the operation of the markets of the European monetary is ensured, contributing to both the integration of the capital markets and to the harmonization of the financial policies. This paper presents an analysis of Romania regarding the criteria for the nominal convergence imposed by Economic and Monetary Union, and the criteria for the real convergence achieved by our country.

Suggested Citation

  • Violeta Elena DRAGOI & Lucretia Mariana CONSTANTINESCU & Larisa Elena PREDA, 2017. "Premises and Consequences of the Adoption of the Euro as the Single Currency in Romania," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 59-73.
    • Handle: RePEc:ddj:fserec:y:2017:p:59-73
    as

    Download full text from publisher

    File URL: http://www.rce.feaa.ugal.ro/images/stories/RCE2017/papers/RCE_2017_59-73.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lucretia Mariana Constantinescu & Maria Cristina Stefan, 2016. "Post - Crisis Resilience and Trends in the International Service Exchanges by Romania," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 146-155.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cristinel CONSTANTIN & Adrian MICU, 2018. "A benchmarking analysis of the economic development in Romania and Czech Republic," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 76-85.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Violeta Elena DRAGOI & Lucretia Mariana CONSTANTINESCU & Larisa Elena PREDA, 2017. "Premises and Consequences of the Adoption of the Euro as the Single Currency in Romania," Proceedings RCE 2017, Editura Lumen, vol. 0, pages 59-73, November.

    More about this item

    Statistics

    Access and download statistics

    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:ddj:fserec:y:2017:p:59-73. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Gianina Mihai (email available below). General contact details of provider: https://edirc.repec.org/data/fegalro.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.