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Euro - Challenges And Perspectives For Romania

Author

Listed:
  • Sandu Carmen

    (Universitatea , Facultatea de Economie si Administrare a Afacerilor)

Abstract

The process of preparation and adoption of the European single currency is one of the most important challenges that Romania has to face in the first decade as a full time member of the European Union. This process will test both the political and the administrative capacity, requiring very clear programs for the adaptation of European regulations and directives that will ensure real and nominal convergence. This process will surely prove to be a difficult one and it will bring a high degree of pressure upon the economic system in general. The worldwide financial crisis is making the process of single European currency adoption even more difficult for Romania. Although its effects are not directly felt in Romania, the disorder created within international markets can easily transform the management of economic and currency politics into an insecure and extremely difficult task.

Suggested Citation

  • Sandu Carmen, 2010. "Euro - Challenges And Perspectives For Romania," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 771-776, December.
    • Handle: RePEc:ora:journl:v:1:y:2010:i:2:p:771-776
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    File URL: http://anale.steconomiceuoradea.ro/volume/2010/n2/122.pdf
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    More about this item

    Keywords

    exchange rate; euro; Economic and Monetary Union; Euro Zone; convergence criteria; ERM II; NBR; ECB; financial crisis;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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