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The Euro addoption process – macroeconomic effects for member states

Author

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  • Ion ROSU HAMZESCU

    (University of Craiova)

Abstract

In January 2004 eleven members of the European Union (EU) took a new step toward the creation of a single European market. They launched the European Monetary Union and implemented a new cross-border currency, the euro.This event was unprecedented in monetary history. This article deals with the macro-economic effects of euro implementation. First, it considers the trade-creating and trade-destroying effects within the new currency area as well as for non-EMU countries. It then examines the internal economic implications for countries both within and outside of the new euro-currency zone

Suggested Citation

  • Ion ROSU HAMZESCU, 2008. "The Euro addoption process – macroeconomic effects for member states," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(36), pages 540-543, may.
    • Handle: RePEc:aio:aucsse:v:2:y:2008:i:11:p:540-543
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    More about this item

    Keywords

    Euro; EU; macroeconomic effects;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F00 - International Economics - - General - - - General
    • F15 - International Economics - - Trade - - - Economic Integration

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