Theoretical and Applied Economics
No. 1 / 2013 (578)
The risks of Euro adoption in Romania – an analysis based on ten criteria
The Bucharest University of Economic Studies
Abstract. In this study, I have proposed and examined ten criteria to analyze the challenges of joining at Monetary Union, explaining the need to include them in government and multinational companies’ strategies. The criteria adopted in the case of Romania concern the potential impact of Euro adoption on economic activities, the common monetary policy effects on the Romanian economy, synchronization with the Euro area, labour market flexibility, as a tool of shocks adjustment etc. After stating each criterion, I have made a brief analysis of how that could affect the balance of costs and benefits of giving up own currency, using conclusions of the optimum currency areas theory.
Contents
Corruption, public integrity, and globalization in South-Eastern European states. A comparative analysis
The risks of Euro adoption in Romania – an analysis based on ten criteria
The impact of foreign direct investment on economic growth: the Portuguese experience
The lack of consistency in budget deficit criteria in the Stability and Growth Pact
Local reforms by political conditionality: trials and erros in Central and Eastern Europe
Employment in the EU countries: a panel data analysis
Territorial efficiency of the cohesion policy in Romania
Corporate social responsibility and organizational identity in post-crisis economy
Urban and rural educational system disparities in Romania
Adaptation of the tourism in Romania to the new economic context imposed by the global economic crisis (in 2010)