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Noi exigente privind aderarea si postaderarea la zona euro

Author

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  • IANCU, AUREL

    (National Institute of Economic Research - Romanian Academy)

Abstract

During the 20 years since the adoption of the euro by the first 11 countries and especially in the years following the crisis, the EU and the euro area have taken important legislative and economic initiatives. They aimed at: 1) achieving the sustainability of the convergence criteria; 2) taking into account the relevant additional factors; 3) ensuring the stability of public finances by activating the macroeconomic imbalances procedure; 4) improving the functioning and governance of the economy by introducing a broad framework for coordinating economic policies and the complex decision-making process (European Semester, strengthening the supervision of public finances, coordinating macroeconomic policies); 5) deepening the European integration of the financial-banking sector through the establishment and development of the banking union. These new requirements are important not only for the moment of accession to the euro area, but also for the post-accession phase for the country to cope with its new role as a member of the Economic and Monetary Union.

Suggested Citation

  • Iancu, Aurel, 2020. "Noi exigente privind aderarea si postaderarea la zona euro," Studii Economice 200131, Institutul National de Cercetari Economice (INCE).
    • Handle: RePEc:ror:seince:200131
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    More about this item

    Keywords

    euro adoption; exchange rate mechanism II; euro area; sustainability of the convergence criteria; relevant additional factors; single supervisory mechanism; single resolution mechanism; banking union;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • 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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