Dumitru, Ionuţ; Jianu, Ionela - In: Theoretical and Applied Economics 3(580)(supplement) (2013) 3(580)(supplement), pp. 431-443
Based on optimal currency area (OCA) criteria, this paper is assessing the real convergence process in Romania from the Euro adoption perspective. Our findings suggest that the correlation of the business cycle in the case of Romania is one of the lowest among NMS, and the demand shocks are...