ROMANIA'S MACROECONOMIC POSITION IN THE UNION EUROPE
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Authors:
• Oana Camelia IACOB, email: ioanabaghi@yahoo.com, Afiliation: Ph. D. Student, Valahia University, Târgovişte, Romania
• Ana-Maria VOLINTIRU, email: anavolintiru@gmail.com, Afiliation: Ph. D. Student, Valahia University, Târgovişte, RomaniaPages:
• 45|52 -
Keywords: economic convergence, inflation, interest rate, exchange rate.
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Abstract:
The five criteria of nominal convergence practically constitute the essential pillar for adoption of the euro currency. If Romania fails to meet all five criteria, it can not adopt the single currency. Since 2007, the year of integration in the Union, Romania attempts to solve problems of inflation, the nominal long-term interest rate and exchange rate fluctuations. This article examines all five criteria between 2007-2012, focusing on the major issues of Romania.
