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Reasons for and against the Early Adoption of the Euro in Romania

Author

Listed:
  • Alina Georgeta Ailinca

    (Centre for Financial and Monetary Research “Victor Slavescu”)

  • Camelia Milea

    (Centre for Financial and Monetary Research “Victor Slavescu”)

Abstract

In the context of the current turmoil in the European Union and the euro area and taking into account the discussions on the remaining or the exit of Greece from the euro area, in our country there is a trend that supports the early (faster) euro adoption. Given that Romania can not opt out of joining the euro area, as is the case of the United Kingdom and Denmark, the problem which remains to be solved is when and how our country will enter in the euro area. Therefore, this article aims to analyze the indicators of the scoreboard for the surveillance of macroeconomic imbalances for our country, at the same time offering a number of reasons for and against a faster adoption of the euro in Romania. The paper argues its observations based on international and national documents and Eurostat database. The study may have a series of implications for the politicians, public policy administrators, academics and researchers, bringing its contribution to the euro adoption debates.

Suggested Citation

  • Alina Georgeta Ailinca & Camelia Milea, 2015. "Reasons for and against the Early Adoption of the Euro in Romania," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 11(5), pages 56-66, October.
    • Handle: RePEc:dug:actaec:y:2015:i:5:p:56-66
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/2960/2847
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    References listed on IDEAS

    as
    1. Adina Criste, 2015. "Adopting the Euro: A Long Path towards National Consensus within the Euro Area Candidate Countries," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 11(3), pages 160-171, June.
    2. Dumitru, Ionut, 2009. "Adoptarea euro in Romania [Euro adoption in Romania]," MPRA Paper 18612, University Library of Munich, Germany.
    3. Marinas Marius - Corneliu & Socol Cristian & Socol Aura - Gabriela, 2011. "Is Ready Romania For Euro Adoption? From Structural Convergence To Business Cycle Synchronization," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 181-186, December.
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    Cited by:

    1. Cristian Păun, 2016. "The Adoption Of Euro In Case Of Romania: The Main (Counter) Arguments," Review of Social and Economic Issues, Romanian-American University, vol. 1(3), pages 76-94, march.

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