The Prospect of Euro Adoption in Romania

Fat Codruta Maria, Beju Daniela Georgeta
European Research Studies Journal, Volume XII, Issue 4, 101-114, 2009
EOI: 10.11214/thalassinos.12.04.008

Abstract:

Taking into account the schedule of Romania’s monetary integration: the entrance into Exchange Rate Mechanism II in 2012 and the euro adoption in 2014, our authorities have become preoccupied in accelerating the convergence process. This paper aims to analyze Romania’s progress in the convergence process, as well as, the current stage of the fulfilment of nominal and real convergence criteria required for euro adoption. In the same time we compare the results obtained by our country and those recorded in other Central and Eastern European states in the integration process. We also debate on the main reasons responsible for delaying the convergence process in Romania and the prospect of speeding up this process without a negative impact on the economy.


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