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Euro – Single Currency of the European Union

Author

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  • AmariÈ›a Adrian

    (Bucharest University of Economic Studies)

Abstract

A subject as optimal monetary areas were very challenging. The starting point was made byRobert Mundell which influenced the debate linked to this subject. Economic and Monetary Unionwas a choice, a target and a challenge. Realizing an optimal monetary area become priority whenthe “Werner†report was handled to the official and public agenda. This tentative failed ascircumstances were non-friendly for the integration process. Another tentative started in 1979being comprised in the Delors Report. Based on this document started a new generation ofmonetary integration having as an emblem the Maastricht Treaty. European countries committed to obtain “convergence of their economies†. I pointed outthat an appropriate perception of the subject oblige the analysts refers to a much broader visionthan convergence criteria. One of the main questions I asked myself was whether euro hasfacilitated an appropriate level of convergence between member countries’ economies.

Suggested Citation

  • AmariÈ›a Adrian, 2017. "Euro – Single Currency of the European Union," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 2-8, June.
    • Handle: RePEc:ovi:oviste:v:xvii:y:2017:i:1:p:2-8
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    More about this item

    Keywords

    Euro; single currency; monetary Union; exchange rate; economic and monetary policy;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions

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