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European monetary integration: between hope and fulfillment

Author

Listed:
  • Marin OPRITESCU
  • Alina MANTA

    (University of Craiova)

Abstract

Finalizing the process of European monetary integration in the euro area is an important condition for strengthening the single currency. The current crisis has shown that EU members that are not in the euro area were exposed mainly due to the floating of exchange rate of currencies against the euro. It is natural then that candidate country to want to join the Euro zone as soon as possible. Therefore, we proposed ourselves to analyze in this paper the importance of adhering to the Euro zone of the new member states by emphasizing their stage of convergence and the effects of the global crisis on their economies.

Suggested Citation

  • Marin OPRITESCU & Alina MANTA, 2010. "European monetary integration: between hope and fulfillment," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(12), pages 12-20, December.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:12:p:12-20
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    More about this item

    Keywords

    European monetary integration; single currency; global crisis; economic convergence;

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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