Showing 1 - 10 of 39
This paper presents the main costs and benefits of accession to the EMU countries, different transmission mechanisms of monetary policy measures villages as national fiscal policies and the procedures for quantifying the effects of these measures on the real economy. Are costs caused by the...
Persistent link: https://www.econbiz.de/10005087788
business cycle synchronization based on evidences provided by the euro area experience. The main conclusion is that the …
Persistent link: https://www.econbiz.de/10015225421
The aim of this paper is to analyze whether the Euro zone is an optimal currency area. The analysis takes into … introduction of the euro there have been significant advancements in fulfilling some of the criteria, but there is still a need of … further progress in terms of wage flexibility, fiscal and political integration. The final conclusion is that Euro zone is not …
Persistent link: https://www.econbiz.de/10015225516
The “new” economy seems to be vulnerable to cyclical shocks that increased in magnitude and induced higher volatilities on the markets. The role assumed by state in this equation of markets’ equilibrium significantly increased. The causes of current crisis of modern economies are strongly...
Persistent link: https://www.econbiz.de/10015228548
The international organizations acting at world-wide scale seems unable to manage the multitude of rising problems due to the accelerated globalization and of the fast geopolitics’ shift. The world is facing growing imbalances in international trade and financial flows, deepening of social...
Persistent link: https://www.econbiz.de/10015223607
In this paper, we identify the principal conditionalities for the admittance in European Union. The nominal and real convergence must be touched faster because this processus supposes stability prices, the financial soundness indicators, the need to stabilize exchange rate. In addition, the real...
Persistent link: https://www.econbiz.de/10005125377
Adoptarea euro intr-un stat membru al Uniunii Europene este grevata de necesitatea respectarii, intre altele, poate …
Persistent link: https://www.econbiz.de/10008603065
Real convergence represents an essential objective for Romania\'s integration into the EU.
Persistent link: https://www.econbiz.de/10008464250
This paper assesses the level of readiness of Romania to adopt euro, based on nominal and real convergence criteria …
Persistent link: https://www.econbiz.de/10015219054
This study is meant to underline some contemporary and stringent global problems, related to the international monetary system area and its crises. In the last 3 decades, this subsystem of global economy becomes the most important and the most instable as well. The last contagious monetary or...
Persistent link: https://www.econbiz.de/10015222712