ROMANIA AND THE EURO. AN OVERVIEW OF MAASTRICHT CONVERGENCE CRITERIA FULFILLMENT

IALOMITIANU Razvan Gheorghe, Lucian Blaga University of Sibiu, Romania

BOLDEANU Teodor Florin , Lucian Blaga University of Sibiu, Romania

Abstract:
This paper proposes to explore the extent to which Romania meets the convergence criteria in adopting the euro and how the economic crisis and the fiscal consolidation measures affected Romania’s efforts to adopt the single currency. This paper attempts an analysis of what it means or should the convergence criteria mean, and the current situation of Romania in adopting the euro currency. The methodology analysis the information provided by various national and international financial institutions, comparing them to reference values, analysing the efforts and results of previous years. Romania does not fulfill all convergence criteria.

Keywords: euro currency, convergence criteria, Eurozone, economic consolidation

JEL Classification: F15, F33, E52

Volume: 69, Issue: 1

Pages: 74 - 87

Publication date: April, 2017

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/69106ialomitianu&boldeanu.pdf

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