Perspectives on Euro introduction in the Romanian economy

Codruţa Mare () and Cristian Litan ()
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Codruţa Mare: The Romanian Academy and The “Babeş-Bolyai” University of Cluj Napoca, Faculty of Economics and Business Administration
Cristian Litan: The “Babeş-Bolyai” University of Cluj Napoca, Faculty of Economics and Business Administration

Baltic Journal of Economics, 2012, vol. 12, issue 1, 23-40

Abstract: This paper offers a first quantitative glance at the possible effects of preparing for Euro adoption, as well as at the ex-post effects of actual adoption. Although the complexity of the models considered gradually increases, nevertheless all the simulations provide the same general picture in which (short and sometimes medium term) restrictiveness is revealed. The results show that for Romania, fulfilling the Maastricht criteria implies short-term economic slowdown and restrictiveness, followed by economic recovery and growth in the medium term and especially the long run. Quantitative estimates of these effects are provided. The most important negative evolutions are to be found for the labour market and investment.

Keywords: effects of European monetary integration; models; simulations; impulse responses (search for similar items in EconPapers)
JEL-codes: E17 E27 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:bic:journl:v:12:y:2012:i:1:p:23-40

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