ROMANIA’S ACCESSION TO THE EURO AREA

Carmen Albu
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Carmen Albu: National Institute of Economic Research, Romanian Academy

Internal Auditing and Risk Management, 2014, vol. 35, issue 1, 6-16

Abstract: Romania's decision to join the European Union was a strategic orientation embraced practically all the political forces of the country and the overwhelming majority of the population. Romania's accession to the European Union determined invariably joining the euro area, which gives full content integration in EMU. Joining the euro area is forcing Romania to meet the conditions set by the Maastricht Treaty in mitigating and eliminating gaps as quickly as possible. Article demonstrates that the single currency, the euro, is a strategic objective of great importance when the decision is actually implemented will be evaluated carefully to see what are the advantages, and limitations that this approach entailed.

Keywords: Euro area; nominal convergence; single currency; Maastricht Treaty. (search for similar items in EconPapers)
Date: 2014
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