THE CURRENT STATE OF CONVERGENCE IN THE EASTERN EUROPEAN COUNTRIES. ROMANIA’S STRATEGY FOR CHANGEOVER

Radulescu Magdalena
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Radulescu Magdalena: University of Pitesti, Pitesti, Romania

Annals - Economy Series, 2013, vol. 4, 54-62

Abstract: The whole process of euro adoption, which requires the strict fulfillment of formal criteria, was designed in order to reduce the risk of weakening or even destabilising the European monetary system by integrating some serious imbalanced ecomonies, while at the same time safeguarding the economies of the countries adhering to euro from the possible shocks resulting from any direct confrontation with the euro area. In this paper I aim to achieving a pragmatic and analytical study on the performance of European countries, as well as the analysis of relevant indicators in order to meet the convergence criteria of the applied monetary policy, thus emphasizing Romanian strategy to adopt the euro, in the actual context when Romania doesn’t fulfill the nominal convergence criteria ogf the eurozone.Regarding the convergence criteria, Romania finds itself last in the Eastern European countries raw, fulfilling only the public debt criteria.

Keywords: convergence criteria; eurozone; Romanian monetary strategy; Eastern-European countries (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2013:v:4:p:54-62

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