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Project Management of Romania’s Transition to Euro: Insights, Solutions, Cost-Benefit Analysis

Domenii publicaţii > Economie + Tipuri publicaţii > Articol în revistã ştiinţificã

Autori: Ion Corbu & Aurelian Bãluţã

Editorial: Global Journal of Management and Business Research: B Economics and Commerce, Volume 14 Issue 1 Version 1.0 Year 2014, 2014.


This paper addresses a pressing topic of present times on Romania’s need to fulfill the
European integration objective, namely to adopt the single European currency, euro. This paper
addresses several key aspects of the economic context and then, based on reliable data,
analyzes the stage of completion of the criteria of nominal convergence viewed from two
perspectives. One perspective is on the absolute completion of these criteria and another from a
relative completion, with reference to the percentage of effectiveness for achieving the criteria.
Although this second method is not mentioned in EU’s operating documents or in the accession
and integration documents, we believe that, theoretically, it can be taken into account and may
be an argument in favor of taking a political decision to accelerate Romania’s transition to the
single European currency. The paper discusses the advantages and disadvantages of the
transition to the euro currency, the courses of action for this transition and some conclusions and
suggestions. The paper highlights the advantages and benefits of a rapid changeover, the costs
of delaying this process, the forces that can put it in a firmer motion.

Cuvinte cheie: euro, inflation, public debt, budget deficit, long-term interest, nominal convergence criteria, the maastricht treaty