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European Integration - Macroeconomic Coordination Risks

Author

Listed:
  • Danilea Giurescu

    (University of Craiova, Romania)

  • Laura Giurca Vasilescu

    (University of Craiova, Romania)

Abstract

The microeconomic gains and the macroeconomic losses of the European Monetary Union creation have been greatly exaggerated, given the fact that the necessary preconditions of an optimum currency area lack. In this context, the EMU member’s vulnerability to economic shocks is increased and their ability to deal with them is decreased. The insufficient coordination of the economic policies is another macroeconomic risk factor of the european integration. It consists in the heterogeneity of member states’ economies, the taxation strategies and the insufficient coordination between the budget policies and the monetary policy.

Suggested Citation

  • Danilea Giurescu & Laura Giurca Vasilescu, 2006. "European Integration - Macroeconomic Coordination Risks," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 6, pages 91-96.
    • Handle: RePEc:pet:annals:v:6:y:2006:p:91-96
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    Citations

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    Cited by:

    1. Ludek Kouba & Michal Madr & Danuse Nerudova & Petr Rozmahel, 2016. "Policy Autonomy, Coordination or Harmonization in the Persistently Heterogeneous European Union?," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 1, pages 53-71, March.
    2. Luděk Kouba & Michal Mádr & Danuše Nerudová & Petr Rozmahel, 2015. "Policy Autonomy, Coordination or Harmonisation in the Persistently Heterogeneous European Union? WWWforEurope Working Paper No. 95," WIFO Studies, WIFO, number 58136, February.

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