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Monetary Integration Beyond Theory-Euro Area Practical Achievements

Author

Listed:
  • CRISTE, Adina

    ("Victor Slavescu" Centre for Financial and Monetary Research, Romanian Academy, Bucharest.)

Abstract

Concerns about the monetary integration issue have lasted for over five decades, outlining several criteria which embody the theory of optimum currency areas. Although the European monetary integration pattern is not based on this theory, it often serves as a reference in assessing the opportunity of adopting the euro for the candidate countries. Based on the optimum currency area criteria, the paper focuses on the euro area experience, and identifies some specific features for this currency area. These particularities are both in terms of theoretical criteria and in terms of recent challenges at the European level, challenges that require a viable reform for euro area in the near future.

Suggested Citation

  • CRISTE, Adina, 2018. "Monetary Integration Beyond Theory-Euro Area Practical Achievements," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 22(4), pages 6-24, December.
    • Handle: RePEc:vls:finstu:v:22:y:2018:i:4:p:6-24
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    Citations

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    Cited by:

    1. Adina Criste & Iulia Lupu, 2023. "Reflections on Croatia's Accession to the Euro Area," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 70-76, August.

    More about this item

    Keywords

    optimum currency area; economic convergence; political decisions;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions

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