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Euro – Advantages And Disadvantages

Author

Listed:
  • Gabriel MURSA

    (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

The adoption of a single currency was considered one of the most important successes of the effort to unify the countries of the European Union. Obviously, a common currency has indisputable advantages, the most important being that of stimulating trade in countries that have joined the Eurozone. Meanwhile, the euro has several disadvantages, the most important being that the excessive centralization of monetary policy in the European Union. Moreover, the introduction of a single currency generated some disadvantages, which to some extent can be considered drawbacks in terms of efficiency of resource allocation in the European Union countries.

Suggested Citation

  • Gabriel MURSA, 2014. "Euro – Advantages And Disadvantages," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 6(3), pages 60-67, September.
    • Handle: RePEc:jes:wpaper:y:2014:v:6:i:3:p:60-67
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    File URL: http://ceswp.uaic.ro/articles/CESWP2014_VI3_MUR.pdf
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    Citations

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    Cited by:

    1. Cristian Păun, 2016. "The Adoption Of Euro In Case Of Romania: The Main (Counter) Arguments," Review of Social and Economic Issues, Romanian-American University, vol. 1(3), pages 76-94, march.

    More about this item

    Keywords

    common currency; monetary policy; specialization; trade;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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