IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2018v3p102-107.html
   My bibliography  Save this article

The Impact Of The Changeover To The Euro For Eastern European Companies

Author

Listed:
  • NICOLAE MARINESCU

    (TRANSILVANIA UNIVERSITY OF BRASOV, ROMANIA)

Abstract

The introduction of the euro as a single currency in Eastern European countries, the new member states of the European Union, has sparked, and still sparks, a great deal of debate concerning the effects that arise from this changeover. Although macroeconomic effects of switching to the euro have been analyzed extensively, microeconomic effects have received far less attention. This paper tries to bring a contribution in this field and fill the existing gap in the literature. It investigates the impact of the introduction of the euro on Eastern European companies. Based on a thorough desktop research, the aim of the paper is twofold. Firstly, it shows the estimated effects companies will experience when their respective country will make the changeover to the euro. Secondly, it analyzes the measures these companies will have to take so as to ensure an efficient transition to the euro, by trying to reap the benefits and mitigate hardships linked to this move. The results of the analysis consist in a kit of operational measures, valuable to owners and managers of Eastern European companies who want to prepare properly for the changeover to the euro.

Suggested Citation

  • Nicolae Marinescu, 2018. "The Impact Of The Changeover To The Euro For Eastern European Companies," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 102-107, June.
  • Handle: RePEc:cbu:jrnlec:y:2018:v:3:p:102-107
    as

    Download full text from publisher

    File URL: http://www.utgjiu.ro/revista/ec/pdf/2018-03/14_Marinescu.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Andrew K. Rose, 1999. "One Money, One Market: Estimating the Effect of Common Currencies on Trade," NBER Working Papers 7432, National Bureau of Economic Research, Inc.
    2. Lorena Popescu Duduiala, 2016. "The Budget Deficit, The Critical Indicator To Economic Shift Of The Euro Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 213-219, October.
    3. Monica Raileanu Szeles & Nicolae Marinescu, 2010. "Real convergence in the CEECs, euro area accession and the role of Romania," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 7(1), pages 181-202, June.
    4. Giovanni Mastrobuoni, 2004. "The Effects of the Euro-Conversion on Prices and Price Perceptions," Working Papers 101, Princeton University, Department of Economics, Center for Economic Policy Studies..
    5. repec:agr:journl:v:1(578):y:2013:i:1(578):p:33-50 is not listed on IDEAS
    6. Marius-Corneliu MARINAŞ, 2013. "The risks of Euro adoption in Romania – an analysis based on ten criteria," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(578)), pages 33-50, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Euro; Eurozone; Eastern Europe; Companies;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2018:v:3:p:102-107. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ecobici Nicolae). General contact details of provider: http://edirc.repec.org/data/fetgjro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.