Romania’s Journey of Integration into the European Monetary Union: a Quantitative Analysis

Tatiana PÄ‚UN (zamfiroiu) and Corina Scarlat
Additional contact information
Corina Scarlat: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2021, vol. 1, issue 23, 82-94

Abstract: Nobody can doubt that in most countries from Western Europe, it is almost unanimously observed the advantage of using the EUR currency as single currency. Thus, we may suppose that adopting the single currency could be beneficial for Romania as well. For Romania to become a member of the European Monetary Union, our country would have to build itself a reference system in the center of which it should place the single European currency. This currency should be a stability factor, which will lead to the achievement of important savings from many national economic agents, especially due to the elimination of the exchange rate risk or lower transaction costs. Considering that our country would become a member of the Eurozone and adopt the EUR currency, it was noted that local banks have manifested their interest in building a system in which EUR would play an important role. Thus, they accepted deposits in EUR, they granted loans in EUR, thus contributing to the large-scale use of the single currency on Romanian territory. Therefore, the adaptation of the Romanian banking system for this move has already started.

Keywords: Eurozone; financial markets; single currency; stock market; bond market; foreign exchange market (search for similar items in EconPapers)
JEL-codes: G14 G21 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.financejournal.ro/fisiere/revista/124348129309_Butu_Brezeanu3_en.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2021:i:23:p:82-94

Access Statistics for this article

Finante - provocarile viitorului (Finance - Challenges of the Future) is currently edited by Marin OPRITESCU

More articles in Finante - provocarile viitorului (Finance - Challenges of the Future) from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Alina Manta ().