CONCERNS REGARDING TO SUCCESSFUL ADOPTION OF THE EURO IN ROMANIA
CONCERNS REGARDING TO SUCCESSFUL ADOPTION OF THE EURO IN ROMANIA
Author(s): Adela SocolSubject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: Euro adoption in Romania; Convergence; Economic and Monetary Union; advantages and disadvantages; alternatives
Summary/Abstract: The purpose of this paper is to survey the actual arrangements for adopting the euro currency in Romania. We analyzed the events and conditions that may influence and cause significant challenges, vulnerabilities and doubts about the euro changeover. We explore the issues related to Romania’s nominal convergence in order to adopt euro in 2015. We based our approach on the Maastricht Treaty criteria, a requirement for the euro currency adoption. We comparatively study Romania’s situation face to European Union Member States that did not adhere until now to ERM Exchange Rate Mechanism II and that do not benefit of special opt-outs stipulations - Czech Republic, Hungary, Poland and Bulgaria.
Journal: Revista tinerilor economişti
- Issue Year: 2012
- Issue No: 18
- Page Range: 166-173
- Page Count: 1
- Language: English
