Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/184997 
Autor:innen: 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
Working Papers No. 170525
Verlag: 
Romanian Academy, National Institute for Economic Research, Bucharest
Zusammenfassung: 
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 sustainability of the nominal criteria and the adequate functioning of the economy. To adopt the euro we should look for the minimum threshold of the GDP per capita calculated by the Purchasing Power Parity. In our study, we consider different real convergence thresholds on corresponding time horizons for comparison: at a 70% convergence level of Romania in relation to the EU 28 average, we need 8-9 years, and a full convergence level (100%) requires 22-26 years.
Schlagwörter: 
Euro adoption
catch up
nominal convergence
real convergence
exchange rate
JEL: 
F15
F43
F55
F59
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
610.97 kB





Publikationen in EconStor sind urheberrechtlich geschützt.