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

Author

Listed:
  • Violeta Elena DRAGOI

    (Valahia University of Targoviste, Romania)

  • Lucretia Mariana CONSTANTINESCU

    (Valahia University of Targoviste, Romania)

  • Larisa Elena PREDA

    (Valahia University of Targoviste, 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," Proceedings RCE 2017, Editura Lumen, vol. 0, pages 59-73, November.
    • Handle: RePEc:lum:progal:v::y:2017:i::p:59-73
    DOI: https://doi.org/10.18662/lumproc.rce2017.1.5
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    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.
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    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.

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    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," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 59-73.

    More about this item

    Keywords

    The monetary union; the euro; convergence; stability; exchange rates. Title of Book: Risk in Contemporary Economy;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate

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