ESTIMATING THE BUSINESS CYCLE SYNCHRONIZATION BETWEEN ROMANIA AND THE EURO AREA [PDF]
Business Excellence and Management, 2016 The conditions of the well-functioning of a monetary union were defined by the optimum currency area theory. From this perspective, the business cycles synchronization outlined itself as a meta-condition for the benefits of sharing a common currency to ...
Dan IVĂNESCU , Laura IVĂNESCU
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Euros(c)eptic – The Theory of the Optimum Currency Area and the Practice of the Euro [PDF]
Romanian Journal of European Affairs, 2012 The article examines whether the euro crisis can be entirely attributed to factors such as regulatory failure or fiscal indiscipline, as opposed to the mechanisms built into the euro itself. It concludes that the euro contains a built-in bias that would
Annamária Artner, Péter Róna
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MONETARY POLICY IN ADVANCED ECONOMIES DURING THE GLOBAL FINANCIAL CRISIS: LESSONS FOR LITHUANIA
Ekonomika, 2014 . The main goal of the research is to develop monetary policy tools and measures enabling to achieve macroeconomic goals of integration into the euro area in the immediate future.
Birutė Visokavičienė
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Finding common ground A pragmatic budgetary instrument for the euro area Bertelsmann Stiftung Policy Paper 8 February 2019 [PDF]
, 2019 We outline a pragmatic proposal for a budgetary instrument for the euro area in line with the decision of the December 2018 Euro Summit. It is based on a very simple principle: any new instrument should make the euro area function better as a currency ...
Funk, Ole +3 more
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Adopting the Euro: Costs or Benefits? [PDF]
Theoretical and Applied Economics, 2007 This paper evaluates the present estate of euro implementation in Monetary and Economic Union (EMU). The Romanian admittance in EU at January 2007 increases interest to study the transmission and coordination mechanisms, related to mix common monetary ...
Cristian Socol, Aura Socol
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Contributions to inflation after euro adoption: the case of Central and Eastern European countries
Ekonomia i Prawo, 2020 Motivation: Based on theory, the introduction of a single currency should cause a decrease in transaction costs, which in effect should lead to a drop in consumer prices.
Kamil Kotliński
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THE APPLICATION OF OPTIMUM CURRENCY AREA CRITERIA TO EUROPEAN MONETARY UNION [PDF]
Challenges of the Knowledge Society, 2011 Debt crisis in several Member States of the euro area has reopened discussions regarding the sustainability of European Monetary Union. Adoption of the single currency has proven to be more costly for the economies which are structurally divergent from ...
CRISTIAN SOCOL +2 more
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TRIPOLARISATION OF THE CURRENCIES IN THE WORLD ECONOMY: US DOLLAR – EURO – YEN [PDF]
Revista Romana de Economie, 2006 At present, the world economy is dominated by three poles – the USA, the European Union and Japan – among which there should be real co-operation to ensure the international stability on all levels.
Ramona TOMA
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THE IMPACT OF POLITICAL AND ECONOMIC NEWS ON THE EURO/RON EXCHANGE RATE: A GARCH APPROACH [PDF]
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 2012 Within this study we try to capture the impact of political news and economic news from euro area on the exchange rate between Romanian currency and euro. In order to do this we used a GARCH model.
Mihai Niţoi, Cristi Spulbăr
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The Effect of the European Monetary Union on International Capital Markets
East Asian Economic Review, 1998 This thesis analyzed the influence of the Economic and Monetary Union (EMU) which is predicted to appear publicly on January 1999 over the international financial environment, aiming at discussing the countermeasure that Korea should take to this ...
Chae-Shick Chung
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