CHOICES OF A SUSTAINABLE GROWTH

Andrei Mihai Cristea (), Miron Dumitrescu (), Dan Gabriel Cristea () and Eduardt Petrică Samoilă ()
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Andrei Mihai Cristea: Hyperion University, Bucharest, Romania
Miron Dumitrescu: National Institute of Economic Research - Romanian Academy, Bucharest, Romania
Dan Gabriel Cristea: Hyperion University, Bucharest, Romania
Eduardt Petrică Samoilă: Hyperion University, Bucharest, Romania

Internal Auditing and Risk Management, 2014, vol. 33, issue 1, 17-24

Abstract: The article refers to the main pros and cons of the optimal currency area membership. Each country has the right to choose if it wants to be part of an economic Union, but this implies taking over certain specific costs but also gaining some benefits. On its way to the euro currency, our country must fulfil real convergence criteria, which create problems although they are not mentioned in any treaty. The article presents the current situation in Romania, but also some benefits of adoption, focusing on the risks of adopting the euro in a very short time.

Keywords: real convergence; economic growth; economic benefits (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ath:journl:v:33:y:2014:i:1:p:17-24

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