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Pros And Cons For Adopting Euro

Author

Listed:
  • Elena, PADUREAN

    (”Victor Slavescu” Financial and Monetary Research Center, Romanian Academy, Romania)

Abstract

By the establishment of the Euro monetary area, with two large pillars, the European Central Bank and the single currency, for the first time in history “a central European producer of symbol-currency appears, which not only delivers the state from the budget limitations imposed by the former regime (European Monetary System), but also opens for it and its partisans new ways for enrichment, at the expense of the other citizens. This is the true purpose of ECB and this is the intention of its creators” [Hulsmann].

Suggested Citation

  • Elena, PADUREAN, 2016. "Pros And Cons For Adopting Euro," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 1(3), pages 32-35.
    • Handle: RePEc:brc:brccej:v:1:y:2016:i:3:p:32-35
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    More about this item

    Keywords

    Euro; single currency; adopt the Euro; monetary policy; exchange rate;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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