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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 … different real convergence thresholds on corresponding time horizons for comparison: at a 70% convergence level of Romania in …
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As an effect of the “no opt-out” clause, Romania is facing, rather soon, the Euro adoption challenge along with all its … missing puzzle piece in a functional monetary union system. This paper wishes to accomplish a brief evaluation of Romania … certain aim for Romania on a medium term perspective, this paper envisages the Optimal Currency Area theory. Convergent …
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After the fall of communist regime the Romanian current account passed from exceeds to substantial and persistent deficits. This evolution raised concerns over the country external sustainability. Since 2007, in the Romanian foreign trade dramatic changes occurred, being induced by the adhesion...
Persistent link: https://www.econbiz.de/10013083772
As Romania has become on 1 January 2007 a member state of the European Union, it aims to access the Euro Zone, after it … will have fulfilled the economical conditions; thus Romania will be completely integrated in the Economic and Monetary … Union. Romania must accomplish more requirements and the preparation for the day when it will be able to adopt the unique …
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stake of euro adoption in Romania should be neither “if” nor “when”, but “under what terms” and “how it will be done”. The … the euro area average level of GDP/capita (in PPP terms). As we argue, one can imagine Romania's accession after having …
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