Risk Factors in Euro Adoption by Romania

Roxana Maria Badîrcea and Alina Georgiana Manta
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Roxana Maria Badîrcea: University of Craiova
Alina Georgiana Manta: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2014, vol. 1, issue 16, 90-102

Abstract: The costs and benefits of adopting a unique currency have been studied and outlined by the optimum currency areas theory. This theory of Mundell has suffered modifications, a series of economists identifying and introducing a series of subsequent or additional criteria in the analysis. Starting from the costs indicated by the optimum currency areas theory and its further developments, I have identified a series of factors that I believe to represent future risks for the Romanian economy within the process of adopting the unique euro currency.

Keywords: interest rate; economic growth; exchange rate; credit risk rate (search for similar items in EconPapers)
JEL-codes: E32 G14 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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