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Romania'S Trade Relationship With The European Union In The Prospect Of Joining The Euro Area

Author

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  • MILEA, Camelia

    ("Victor Slavescu" Centre for Financial and Monetary Research, Romanian Academy, Bucharest.)

Abstract

The choice of the research topic is due to the national challenge, that the entry of our country into the euro area will have mainly positive consequences for the Romanian economy. The article1 presents the evolution of the Romanian current account deficit in relation to the European Union. It can be seen that the degree of commercial integration of our country with the European Union is at a high level, and that the commercial relationship with the European Union countries is the main cause of Romania's trade deficit. Using qualitative and quantitative assessments, interpretations and comparative analyses, the article shows that Romania is not in a situation favourable to the economic convergence with the European Union countries in terms of the current account deficit. The analysis is performed for the period 2006-2018, in order to compare the current situation (from 2018) with that in the year before our country entered the European Union.

Suggested Citation

  • MILEA, Camelia, 2019. "Romania'S Trade Relationship With The European Union In The Prospect Of Joining The Euro Area," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 23(4), pages 100-110, December.
    • Handle: RePEc:vls:finstu:v:23:y:2019:i:4:p:100-110
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    More about this item

    Keywords

    trade relationships; trade deficit; risks; unfavourable situation;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions

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