NOMINAL CONVERGENCE IN ROMANIA

Andreea Ciobanu

Revista Tinerilor Economisti (The Young Economists Journal), 2007, vol. 1, issue 9, 88-93

Abstract: The recent EU enlargement process brings in attention the next obvious step, entering European Monetary Union. For the two new EU members, as well as for the ten entered in 2004, adopting the euro as national currency seems to be a priority objective, although it is not a choice, but a must. The enlargement is an opportunity to evaluate the Maastricht criteria for adopting the single currency. This paper evaluates the degree of accomplishing of the nominal convergence criteria by Romania. Even if the euro adoption is still far away from our country, we must concentrate in the next few years mainly in the catching-up process. The study shows that even we can fulfill the Maastricht Criteria, we should wait before euro adoption until we will reach the real convergence, for avoiding the asymmetric shocks.

Keywords: European Monetary Union; ERM II; Euro; Maastricht Criteria; real convergence (search for similar items in EconPapers)
JEL-codes: F00 F33 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2007:i:9:p:88-93

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