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O abodare de ansamblu privind provocările adoptării euro: cazul României
[An overview of euro adoption challenges: the case of Romania]

Author

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  • Avadanei, Andreea

Abstract

Abstract. The scope of this paper is to highlight the Romanian strategy towards the euro adoption. We structured our article on sections that cover four main research directions. The first one illustrates the interlinkages between nominal and real convergence; the second presents a comparative analysis Romania-Slovakia; the third one points out the possible scenarios ex post common currency’ introduction and the fourth underlines the necessity of reforming the euro area entry criteria. We conclude by saying that the decision to join the Eurozone should not be taken only in terms of the ability to achieve the nominal convergence criteria, but also in relation to the progress of real convergence phenomenon. In their absence, the economy will become peripheral, less flexible and unable to manage and eliminate the shocks affecting it.

Suggested Citation

  • Avadanei, Andreea, 2011. "O abodare de ansamblu privind provocările adoptării euro: cazul României
    [An overview of euro adoption challenges: the case of Romania]
    ," MPRA Paper 28420, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:28420
    as

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    File URL: https://mpra.ub.uni-muenchen.de/28420/1/MPRA_paper_28420.pdf
    File Function: original version
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    References listed on IDEAS

    as
    1. Zsolt Darvas, 2010. "The case for reforming euro area entry criteria," Society and Economy, Akadémiai Kiadó, Hungary, vol. 32(2), pages 195-219, December.
    2. Iancu Aurel, 2007. "Convergenţa nominală," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 02, June.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    economic and monetary union; convergence criteria; optimum currency area; catching-up process; structural reforms; financial system;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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