Euro Adoption Amid Reshaping EMU: The Case of Romania

Autor:	Rozália Pál
Rok vydání:	2011
Předmět:	Single currency business.industry Currency Romanian language Economics International economics International trade European monetary union business Competitive advantage Accession language.human_language
Zdroj:	SSRN Electronic Journal.
ISSN:	1556-5068
DOI:	10.2139/ssrn.1953886
Popis:	Adopting the European single currency is reevaluated amid changing environment of the existing euro area. In this paper we are mapping those divergences among member countries that challenge the optimal currency area (OCA), at least from a theoretical perspective. Nevertheless, the decision to join the European Monetary Union (EMU) should be based on balancing the advantages versus disadvantages. This paper focuses in particular on competitive advantages among member countries and factors that stay behind the accumulated imbalances and cross-country differences. Three alternative scenarios of EMU and of Romanian accession are also discussed.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::91001f0b02959841f1c1182adcd7962c https://doi.org/10.2139/ssrn.1953886 Zobrazit plný text záznamu