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





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

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    References listed on IDEAS

    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.
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    Euro; Eurozone; Eastern Europe; Companies;


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