The risks of Euro adoption in Romania – an analysis based on ten criteria

Marius Marinas

Theoretical and Applied Economics, 2013, vol. XX, issue 1(578), 33-50

Abstract: In this study, I have proposed and examined ten criteria to analyze the challenges of joining at Monetary Union, explaining the need to include them in government and multinational companies’ strategies. The criteria adopted in the case of Romania concern the potential impact of Euro adoption on economic activities, the common monetary policy effects on the Romanian economy, synchronization with the Euro area, labour market flexibility, as a tool of shocks adjustment etc. After stating each criterion, I have made a brief analysis of how that could affect the balance of costs and benefits of giving up own currency, using conclusions of the optimum currency areas theory.

Keywords: real convergence; trade integragion; business cycle convergence; labour market flexibility; optimum currency area. (search for similar items in EconPapers)
Date: 2013
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