The strategy adopted by Romania EURO

Duduiala Lorena

MPRA Paper from University Library of Munich, Germany

Abstract: In the context in which most countries in Western Europe is almost unanimously accepted advantage of using the single currency, it appreciates that for Romania, whose foreign trade is facing up to approximately 2 / 3 to the market, adopting the single currency will bring real benefits. To become a EU member state, Romania has had to build and a reference system, the reference currency is Euro, not U.S. dollars. The new currency will be a factor of stability which will reduce a lot of trading losses due to local fluctuations of the dollar against euro. From 1 January 2003, the currency has been established in relation to EURO.

Keywords: euro; economic and monetary union; the safeguard clause; budget deficit; inflation (search for similar items in EconPapers)
JEL-codes: E44 F01 F02 F15 F36 F43 G31 (search for similar items in EconPapers)
Date: 2009-02-03
New Economics Papers: this item is included in nep-mac, nep-mon and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:13321

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