Research on the Nominal Convergence of Romania to the Euro Area

• Main Authors: Diana Bărglăzan, Mihaela Vartolomei, Camelia Turcu
• Format: Article
• Language: English
• Published: Eftimie Murgu University of Resita 2008-10-01
• Series: Analele Universităţii "Eftimie Murgu" Reşiţa: Fascicola I, Inginerie
• Subjects: sooner or later; the euro. In order to do so; they must accomplish the convergence criteria concerning the inflation rate; the exchange rate; the interest rate; the public deficit and the public debt. The paper analyses the situation of Romania; based on the convergence criteria. Romania accomplishes only the criteria referring to public finances; while inflation still seems to be the worst problem.; European Union; euro; convergence criteria; nominal convergence
• Online Access: http://anale-ing.uem.ro/2008/2008_a10.pdf

All the European Union (EU) member states engaged to adopt, sooner or later, the euro. In order to do so, they must accomplish the convergence criteria concerning the inflation rate, the exchange rate, the interest rate, the public deficit and the public debt. The paper analyses the situation of Romania, based on the convergence criteria. Romania accomplishes only the criteria referring to public finances, while inflation still seems to be the worst problem.