By the Treaty of Accession 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 Area crisis show that the real convergence criterion is able to ensure …

The paper deals with the choice of the nominal euro conversion rates for the acceding countries upon their accession to … of 'optimal' euro conversion rates is quiet wide and other issues must be taken into account. In particular, a smooth … transition to the euro conversion rate and minimisation of risks of potential shocks to the economy should be the key concern …

central and east Europe. Bilateral nominal equilibrium exchange rates against the euro are obtained through algebraic … when these exchange rates are expressed in nominal terms against the euro …