ROMANIA’S EUROPEAN MONETARY INTEGRATION –ACTUAL STATUS, COSTS AND BENEFITS Cover Image

Integrarea monetara europeana a Romaniei - stadiul actual, costuri si beneficii
ROMANIA’S EUROPEAN MONETARY INTEGRATION –ACTUAL STATUS, COSTS AND BENEFITS

Author(s): Anca Tanasie
Subject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: Romania; inflation; monetary integration; EURO

Summary/Abstract: For Romania, the EU accession and the European symbols – such as the EURO currency – represent both the integration into a strong and efficient economic system, but also the guarantee for real democratic values. Romania has expressed a real and strong attachment for the European Union, its symbols and values. The focus of this paper is directed towards the actual economic and monetary situation in Romania, on its way to the single European currency. Economic conditions have generally improved, but some problems still persist. Reality is now different considering the inflation growth and the important deviation from the target, and recently, the exchange rate fluctuation and the national currency devaluation. Romania has had a unfavourable history concerning inflation and even exchange rate matters. The situation is unfortunately not yet stabile, inflation is still an important issue, the exchange rate is still fluctuant, and the National Bank of Romania is still confronted with the situation of having to deal with monetary problems, but which in fact have an economic and productive explanation and cause. Finally benefits and costs of the EMU accession for Romania are sinthetized and explained according to the previous description of the economic and monetary situation

  • Issue Year: XXXVI/2008
  • Issue No: 3
  • Page Count: 6
  • Language: English