Perspectives on Fulfilling the Nominal and Real Convergence Criteria by Romania for the Adoption of Euro Currency

Paula Geza and Laura Giurca Vasilescu

MPRA Paper from University Library of Munich, Germany

Abstract: In the present, Romania is considered a fragile state. While the lowest point of recession seems to have been exceed, the instability continues to characterize for a period all efforts and steps taken for economic recovery. Regarding the real convergence criteria, on December 2010 Romania presently continues to meet only the criterion regarding the sustainability of fiscal position while the assessment of the criterion related to the stability of the exchange rate cannot be performed accurately as long as the national currency – Leu - does not participate to the Exchange Rate Mechanism II (ERM II).

Keywords: Real convergence criteria; Nominal convergence criteria; Euro adoption; Romania (search for similar items in EconPapers)
JEL-codes: E42 F36 (search for similar items in EconPapers)
Date: 2011-04-01
New Economics Papers: this item is included in nep-eec, nep-mac, nep-mon and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:30011

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