Policies for the euro adoption in Romania

Abstract

This paper analyses the policies for the euro adoption in Romania. For Romania, adopting euro as national currency seemed to be, at least until very recently, a priority objective, fact suggested by the rush in entering the EMS II system. A major regime change, as the monetary unification, is clearly made when there are strong motivations given by benefits, but such a change involves costs, risks and difficulties. The adoption of the unique currency in an unsuitable time can have more bad consequences than positive ones.