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Romania on its Way to Euro

Author

Listed:
  • Soproni, Luminita

Abstract

As Romania has become on 1 January 2007 a member state of the European Union, it aims to access the Euro Zone, after it will have fulfilled the economical conditions; thus Romania will be completely integrated in the Economic and Monetary Union. Romania must accomplish more requirements and the preparation for the day when it will be able to adopt the unique currency – euro – is very difficult. According to the new regulations a country is allowed to access the Euro Zone only after two years from its accession to the European Union. The present situation of the Romanian economy does not allow us to be very optimistic regarding the date on which Romania will adopt euro as Romania’s unique currency.

Suggested Citation

  • Soproni, Luminita, 2009. "Romania on its Way to Euro," MPRA Paper 44670, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:44670
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    File URL: https://mpra.ub.uni-muenchen.de/44670/1/MPRA_paper_44670.pdf
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    More about this item

    Keywords

    European integration; nominal convergence; real convergence; Romania;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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