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EIRP Proceedings, 2013 The following paper represents a summary of the main challenges that Romania is facing regarding the accession to the eurozone. The adoption of the single currency in Romania is a nationwide intensely debated topic.
Adrian Constantinescu +2 more
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Are Monetary Unions More Synchronous than Non-Monetary Unions? [PDF]
SSRN Electronic Journal, 2015 Within currency unions, the conventional wisdom is that there should be a high degree of macroeconomic synchronicity between the constituent parts of the union. But this conjecture has never been formally tested by comparing sample of monetary unions with a control sample of countries that do not belong to a monetary union.
Crowley, Patrick, Trombley, Christopher
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PARASAL BİRLİĞİN ÜYE ÜLKELER AÇISINDAN FAYDA VE MALİYETLERİ
Ankara Avrupa Çalışmaları Dergisi, 2003 In this study, potential benefits and costs of monetary union have been explained.The most important cost element of monetary union is that countries can't apply an independent monetary and exchange rate policy because of monetary union. At the same time
M. Kemal Değer
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Specificity of Fiscal Policy in the Monetary Union
Acta Economica, 2018 The condition of the optimal currency area as a theoretical basis of the monetary integration considers the harmonization of the fiscal and monetary policy crucial in achieving the efficient functioning of the monetary union.
Branka Topić-Pavković
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EMERGENCE AND EVOLUTION OF THE ECONOMIC AND MONETARY UNION: OVERLOOK AT THE DECISION-MAKING PROCESS AND THE LEGAL INSTRUMENTS USED (FROM ITS ORIGINS TO THE MAASTRICHT TREATY) [PDF]
Challenges of the Knowledge Society, 2021 As we write this, the Economic and Monetary Union seems to have overcome the crisis that has affected its credibility since 2009, continuing to present itself as the most successful monetary integration initiative in the world.
Dragoș–Adrian BANTAȘ +1 more
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THE IMPOSSIBLE TRINITY OF DEVELOPING COUNTRIES – THE GREEK EXAMPLE [PDF]
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 2023 The mobility of factors of production from the very beginnings of the theory of the optimal currency area (OCA) stands out as one of the primary mechanisms for achieving a balance of payments, i.e.
Dragan Gligorić +2 more
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Strategic Delegations in Monetary Unions [PDF]
SSRN Electronic Journal, 2004 In monetary unions, monetary policy is typically made by delegates of the member countries. This procedure raises the possibility of strategic delegation—that countries may choose the types of delegates to influence outcomes in their favor. We show that without commitment in monetary policy, strategic delegation arises if and only if three conditions ...
V. V. Chari +2 more
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Empirical Results for Some Monetary Areas According to Optimum Currency Area Criteria
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2015 The euro area is the biggest monetary union in the World. In post-crisis time, the possibilities of creation a new monetary union are discussed again.
Emil Adámek, Stanislav Kappel
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Is monetary union necessarily counterproductive? [PDF]
Economics Letters, 2005 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Diana, Giuseppe, Zimmer, Blandine
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PSL Quarterly Review, 2012 Assessing the effects of monetary policy and wage bargaining on employment andinflation in the European Monetary Union (EMU), the first step sees development of a Post-Keynesian competitive claims model of inflation with endogenous money.
Eckhard Hein
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