ROMANIA'S MACROECONOMIC POSITION IN THE UNION EUROPE

The five criteria of nominal convergence practically constitute the essential pillar for adoption of the euro currency. If Romania fails to meet all five criteria, it can not adopt the single currency. Since 2007, the year of integration in the Union, Romania attempts to solve problems of inflation, the nominal long-term interest rate and exchange rate fluctuations. This article examines all five criteria between 2007-2012, focusing on the major issues of Romania.

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Year of publication:	2014
Authors:	IACOB, Oana Camelia ; VOLINTIRU, Ana-Maria
Published in:	Internal Auditing and Risk Management. - Facultatea de Ştiinţe Economics. - Vol. 1.2014, 33, p. 41-48
Publisher:	Facultatea de Ştiinţe Economics
Subject:	economic convergence \| inflation \| interest rate \| exchange rate

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Extent:	application/pdf
Type of publication:	Article
Classification:	O47 - Measurement of Economic Growth; Aggregate Productivity ; E3 - Prices, Business Fluctuations, and Cycles ; G12 - Asset Pricing ; F31 - Foreign Exchange
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010757488