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Euro Adoption in Romania: For or Against?

Author

Listed:
  • Otilia Georgiana Floroiu

    (“Stefan cel Mare†University of Suceava)

Abstract

By joining the European Union, Romania has agreed to adopt the euro currency as soon as the Maastricht criteria has been met. But the timing of the accession depends on the national government and the convergence progress. The remaining question is not if Romania will join the eurozone, but when. In order to answer this question, all the benefits and costs associated need to be carefully considered. Also, another important aspect is represented by the general public opinion. The purpose of this paper is to analyze the advantages and disadvantages linked to the euro currency adoption and to understand how willing the population of Romania is to undergo such an important change.

Suggested Citation

  • Otilia Georgiana Floroiu, 2020. "Euro Adoption in Romania: For or Against?," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 350-355, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:350-355
    as

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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/2020/Section%203/17.pdf
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    References listed on IDEAS

    as
    1. Andrew K. Rose & T. D. Stanley, 2005. "A Meta‐Analysis of the Effect of Common Currencies on International Trade," Journal of Economic Surveys, Wiley Blackwell, vol. 19(3), pages 347-365, July.
    2. Melinda Cenuşe & Imola Drigă, 2010. "Advantages And Disadvantages Of The Euro," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 10(3), pages 61-68.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Euro adoption; eurozone; Romania; advantages and disadvantages;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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