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Challenges Of The Euro Area

Author

Listed:
  • POP, Napoleon

    (Institute for World Economy, Romanian Academy, Bucharest, Romania)

  • FRANC, Valeriu-Ioan

    (National Institute for Economic Research “Costin C. Kiritescu”, Romanian Academy, Bucharest, Romania)

Abstract

Any attempt to follow a practical path for adopting euro, in the case of EU member state enjoying the waver in order to reach the stage fully complying with the Maastricht criteria, has to pay attention to the changing environment in many terms, which can influence a good preparation. In fact, in the case of Romania, the present time is not an easy one to follow the political engagement for adopting euro. We can consider that there exists a political decision backed with a quite consistent national support. There is plan for preparations consensual adopted by the representatives of the parties attending the works of the special National Commission dedicated to work out several important documents supposed to unify the efforts Romania being able to be approved as member state of Eurozone in 2024. In this presentation, we concentrate on the topics recalling some of the main challenges confronting Eurozone, considered important for the time being. The list of them is more extensive. In a study worked out in 2020 within the Institute of World Economy of Romanian Academy they should be treated appropriately.

Suggested Citation

  • POP, Napoleon & FRANC, Valeriu-Ioan, 2019. "Challenges Of The Euro Area," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 7(1), pages 8-15, October.
    • Handle: RePEc:vls:rojfme:v:7:y:2019:i:1:p:8-15
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    References listed on IDEAS

    as
    1. Angelini, Elena & Bokan, Nikola & Christoffel, Kai & Ciccarelli, Matteo & Zimic, Srečko, 2019. "Introducing ECB-BASE: The blueprint of the new ECB semi-structural model for the euro area," Working Paper Series 2315, European Central Bank.
    2. Zsolt Darvas & Philippe Martin & Xavier Ragot, 2018. "European fiscal rules require a major overhaul," Bruegel Policy Contributions 27957, Bruegel.
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    More about this item

    Keywords

    financial crisis; euro; Eurozone; challenges; EMU; EU budget; ECB.;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F15 - International Economics - - Trade - - - Economic Integration

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