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Romania And The Euro. A Relative Positioning Among The Candidates

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  • Tanasie, Anca
  • Fratostiteanu, Cosmin

Abstract

For most Eastern European countries that experienced former communist regimes, the EU accession and the use of European symbols – such as the EURO currency – represents both the integration into a strong and efficient economic system, but also the guarantee of a system based on real democratic values. Romania has been the first of this category of states, that has expressed the real and strong attachment for the European Union, its symbols and values. This paper wishes to analyze the key elements concerning Romania’s accession to the EMU and finally the EURO adoption: Romania’s actual macroeconomic situation, the situation of the real and nominal convergence to the accession criteria – in a fuzzy clustering approach in order to determine optimum sequencing of the Euro adoption and the envisaged official calendar for the EURO adoption.

Suggested Citation

  • Tanasie, Anca & Fratostiteanu, Cosmin, 2007. "Romania And The Euro. A Relative Positioning Among The Candidates," MPRA Paper 5832, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:5832
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    References listed on IDEAS

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    More about this item

    Keywords

    Romania; Euro; monetary convergence; fuzzy clustering;
    All these keywords.

    JEL classification:

    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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