Project Management of Romanias Transition to Euro: Insights, Solutions, Cost-Benefit Analysis

Ion Corbu; Aurelian B?lu??

Project Management of Romanias Transition to Euro: Insights, Solutions, Cost-Benefit Analysis

Ion Corbu * §

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Aurelian B?lu??

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Spiru Haret Univesity

Project Management of Romanias Transition to Euro: Insights, Solutions, Cost-Benefit Analysis

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Abstract

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.

References

9 Cites in Article

Reference Format

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Ion Corbu, Aurelian B?lu??. 2014. "Project Management of Romanias Transition to Euro: Insights, Solutions, Cost-Benefit Analysis". Global Journal of Management and Business Research, Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 14 (GJMBR Volume 14 Issue B1).

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GJMBR Volume 14 Issue B1

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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

Classification

GJMBR-B Classification JEL Code: E40; E4E41;2; E43; E44

Submission ReceivedDecember 6, 2013
Peer Review Double Blind
Handling Editor
Accepted January 4, 2014
Published January 15, 2014

Version of record

v1.2

Issue date

March 25, 2014

Language

English

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Article Matrices

Total Score: 149

Country: Romania

Subject: Global Journal of Management and Business Research

Authors: Ion Corbu, Aurelian B?lu?? (PhD/Dr. count: 0)

View Count (all-time): 241

Total Views (Real + Logic): 1658

Total Downloads (simulated): 118

Publish Date: 2014 01, Wed

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Total Views: 1.7K

Total Downloads: 118

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