Main Economic Policies in order to Manage an Optimum Accession of Romania to the Euro Zone

Lucian Claudiu Anghel () and Laurentiu-Mihai Treapat ()
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Lucian Claudiu Anghel: College of Management, National University of Political Studies and Public Administration
Laurentiu-Mihai Treapat: College of Management, National University of Political Studies and Public Administration

Management Dynamics in the Knowledge Economy, 2015, vol. 3, issue 1, 151-169

Abstract: The present paper aims at analysing several options concerning the economic policies Romania should adopt in the following years, in order to attenuate the long term vulnerabilities within the process of joining to the Euro zone, with the observation that, the economic policies proposed in the current work were selected mainly based on the decisive factors for the real equilibrium exchange rate in Romania. Fulfilling the nominal criteria for adhesion can prove itself to be more facile but not able to ensure, on a long term and in a sustainable manner, reaching an optimum for the economy that adheres irreversibly to the Euro zone. It is important to analyze how the competitiveness of other economies evolved prior and after joining the Euro zone, from the perspective of identifying some economic policies meant to ensure the accomplishment of the real convergence criteria to the Euro zone for Romania’s case, on a long term. The economic policies proposed by the authors try to help covering the greatest delays for Romania in comparison with other states in the Euro zone and which, unsolved, can create in time significant vulnerabilities on a long term, having a negative impact for many generations of Romanians from now on.

Keywords: Euro zone; adhesion; equilibrium exchange rate; real convergence; nominal convergence. (search for similar items in EconPapers)
Date: 2015
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