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dc.contributor.authorTache, Ileana-
dc.identifier.citationTache, I. (2010). The challenges of Euro adoption in Romania : some lessons from the Greek experience. European Research Studies Journal, 13(2), 171-186.en_GB
dc.description.abstractRomania belongs to the group of the new EU members that are committed by the Treaty to adopt the euro, which implies that they must strive to fulfill all the nominal convergence criteria. Analyzing the Greece’s monetary experience towards the EMU and its available policy instruments for this goal, this paper tries to derive some challenging lessons for Romania on its path to euro adoption. The present Greek debt crisis and the background of the global financial crisis are also taken into consideration. The Greek situation shows that an overly ambitious timetable and effort for adopting the single currency can be rather costly for the country concerned and the endeavor to improve the performance of the economy must be a permanent process and not be limited to satisfying the Maastricht convergence criteria.en_GB
dc.publisherUniversity of Piraeus. International Strategic Management Associationen_GB
dc.subjectMonetary unions -- European Union countriesen_GB
dc.subjectRomania -- Foreign economic relations -- European Union countriesen_GB
dc.subjectEuro -- Romaniaen_GB
dc.subjectForeign exchange rates -- Romaniaen_GB
dc.subjectGlobal Financial Crisis, 2008-2009en_GB
dc.titleThe challenges of Euro adoption in Romania : some lessons from the Greek experienceen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publication.titleEuropean Research Studies Journalen_GB
Appears in Collections:European Research Studies Journal, Volume 13, Issue 2

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