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Aspects Of The Swot Analysis Regarding The Switchover To The Euro Of The Seven Non-Member Countries Of The European Monetary Union (Emu)

Author

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  • ZAMAN, Gheorghe

    (Institutul de Economie Națională, Institute of National Economy, N.I.E.R., Romanian Academy, Bucharest, Romania Author-Name: VASILE, Valentina
    Institutul de Economie Națională, N.I.E.R., Romanian Academy, Bucharest, Romania)

  • CRISTEA, Anca

    (Institutul de Economie Națională, N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

The Eurozone is considered as the most advanced form of monetary integration which is based on the use of a common currency or fixed exchange rate, single monetary policy promoted by a cross-cutting central bank of all member countries. In the original concept, the application of this instrumental-institutional solution was foreseen to increase the well-being of the member countries, by removing several barriers to social and economic development and strengthening economic relations between the member countries of the integrationist group. They were intended to maintain and strengthen the achievement of a typical common market, as well as to facilitate the improvement of management efficiency in member countries. The operation of the economic-financial entities of the states in a monetary union allows obtaining a large number of benefits, simultaneously with the manifestation of certain threats.

Suggested Citation

  • ZAMAN, Gheorghe & CRISTEA, Anca, 2018. "Aspects Of The Swot Analysis Regarding The Switchover To The Euro Of The Seven Non-Member Countries Of The European Monetary Union (Emu)," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 6(1), pages 14-30, October.
  • Handle: RePEc:vls:rojfme:v:6:y:2018:i:1:p:14-30
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    More about this item

    Keywords

    European integration; European Monetary Union; opportunities and threats;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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