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Adopting the Euro: Costs or Benefits?

Author

Listed:
  • Cristian Socol
  • Aura Socol

    (Academy of Economic Studies, Bucharest)

Abstract

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 occurrence of asymmetric shocks, different preferences of countries of inflation and unemployment and due to institutional differences in the labor market or something to with different rates of growth. The resulting benefits are presented after elimination of transaction costs and decrease welfare gains due to uncertainty after joining the EMU.

Suggested Citation

  • Cristian Socol & Aura Socol, 2007. "Adopting the Euro: Costs or Benefits?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 1(1(506)), pages 51-60, January.
    • Handle: RePEc:agr:journl:v:1(506):y:2007:i:1(506):p:51-60
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    Citations

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    Cited by:

    1. Ionuț JIANU, 2020. "Examining the drivers of business cycle divergence between Euro Area and Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(623), S), pages 19-32, Summer.
    2. Jianu, Ionut, 2020. "Examining the drivers of business cycle divergence between Euro Area and Romania," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 27(2), pages 19-32.
    3. Ionut Jianu, 2020. "Examining the drivers of business cycle divergence between Euro Area and Romania," Papers 2007.11407, arXiv.org.

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