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Problema Trecerii României La Euro Si Convergenta Economica

Author

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  • Iancu, Aurel

Abstract

By the Treaty of Acccesion to the EU, Romania opted for the euro adoption. According to the Maastricht Treaty, since 2014, Romania has fulfilled the nominal convergence criteria, thus becoming apt to adopt the euro. But a careful analysis of the reality and the lessons learnt from the euro crisis show that the real convergence criterion is able to ensure the sustainability of the nominal criteria and the adequate functioning of the economy. To adopt the euro we should look for the minimum threshold of the GDP per capita calculated by the Purchasing Power Parity. In our study, we consider different real convergence thresholds on corresponding time horizons for comparison: at a 70% convergence level of Romania in relation to the EU 28 average, we need 89 years, and a full convergence level (100%) requires 22-26 years.

Suggested Citation

  • Iancu, Aurel, 2017. "Problema Trecerii României La Euro Si Convergenta Economica," Studii Economice 170525, Institutul National de Cercetari Economice (INCE).
    • Handle: RePEc:ror:seince:170525
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    File URL: http://www.studii-economice.ro/2017/seince170525.pdf
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    Cited by:

    1. Napoleon Pop & Sorin-Nicolae Curcă, 2019. "Romania 2040 - A Perspective," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 7(1), June.

    More about this item

    Keywords

    Euro adoption; catch up; nominal convergence; real convergence; exchange rate;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other

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