University of Piraeus. International Strategic Management Association
Abstract
Taking into account the schedule of Romania’s monetary integration: the entrance
into Exchange Rate Mechanism II in 2012 and the euro adoption in 2014, our authorities
have become preoccupied in accelerating the convergence process. This paper aims to
analyze Romania’s progress in the convergence process, as well as, the current stage of the
fulfilment of nominal and real convergence criteria required for euro adoption. In the same
time we compare the results obtained by our country and those recorded in other Central
and Eastern European states in the integration process.
We also debate on the main reasons responsible for delaying the convergence
process in Romania and the prospect of speeding up this process without a negative impact
on the economy.peer-reviewe
