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Considerations on The Convergence of Romania to The European Union in The Banking Field

Author

Listed:
  • Costin Daniel AVRAM

    (University of Craiova, Romania)

  • Veronel AVRAM

    (University of Craiova, Romania)

Abstract

According to commitments made by Romania (and by NBR) in the negotiating process to Chapter 11 - Economic and Monetary Union on the acquisition, transfer and implementation into national legislation of the acquis for banking, the NBR Statute was harmonized with the provisions of the Treaty establishing the European Community, the Protocol on the Statute of the European System of Central Banks and the European Central Bank , and the other Community provisions on central bank activity in the Member States of the European Union. The draft law on the Statute of the NBR was adopted by the Senate (on June 8, 2004) and the Chamber of Deputies and promulgated by Decree no. 532/26.06.2004, materialized into Law nr. 312/28.06.2004 on the NBR Statute. The new law was published in Romanian Official Gazette and entered into force on July 31, 2004, when Law no. 101/1998 on the Statute of the NBR, with further amendments and completions, was repealed.

Suggested Citation

  • Costin Daniel AVRAM & Veronel AVRAM, 2010. "Considerations on The Convergence of Romania to The European Union in The Banking Field," Timisoara Journal of Economics, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 3(3(11)), pages 183-188.
    • Handle: RePEc:wun:journl:tje:v03:y2010:i3(11):a08
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    More about this item

    Keywords

    convergence; banking system; accession; commitments;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • G00 - Financial Economics - - General - - - General

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