the world. Among them, the National Bank or Romania changed in mid-2005 the strategy of the monetary policy with IT. As a … member of the European Union, Romania's ultimately aspiration is the adoption of the euro as a means to achieve its objective … convergence criteria, Romania must spend at least two years in the ERM II, keeping its exchange rate towards the euro stable …

The present paper is concerned with the prospect of euro adoption in Romania. The study starts from the relevant … - central bank independence and EU accession. After performing the pairwise correlations between Romania and the rest of the … shock correlations between Romania and many other European economic entities, while also isolating the effect of post 2005 …

implications of adopting the EURO in Romania, by calculating the seigniorage cost of giving up the national currency. Although … monetary integration of Romania seems to be much lower that the benefits of entering the EMU. In addition, the use of … seigniorage revenues is economically improper in Romania, which hurts the competition and the implementation of further economic …