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The Implications Of The Accession To The Economic And Monetary Union (Emu) For The Countries Outside The Eurozone

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  • Assoc. Prof. Roxana Bdîrcea Ph. D*, Assoc. Prof. Radu Buziernescu Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

Abstract

The paper makes a review of the current situation of the countries outside the Eurozone and the future period consequences generated by the transition to Euro upon these countries. The major consequences for the countries wishing to access to the EMU relate to the occurrence of new elements of Community acquis, to the adoption of a monetary policy to facilitate the transition to community monetary policy and to ensure the achievement of inflation criterion, to the adoption of an exchange rate regime compatible with the European Monetary System EMS II and to ensure the criteria regarding the exchange rate. In the paper these elements are compared and the possible options are analysed for the future period for each of these counties.

Suggested Citation

  • Assoc. Prof. Roxana Bdîrcea Ph. D*, Assoc. Prof. Radu Buziernescu Ph. D, 2011. "The Implications Of The Accession To The Economic And Monetary Union (Emu) For The Countries Outside The Eurozone," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 4(39), pages 31-36, May.
    • Handle: RePEc:aio:aucsse:v:1:y:2011:i:6:p:31-36
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    Keywords

    Euro; monetary policy; exchange rate; EMS II;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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