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Impact on the fate of the euro area economy

Author

Listed:
  • Moise Cindea

    (“Petre Andrei” University, Iasi, Romania)

  • Gabriela Ciurariu

    (“Petre Andrei” University, Iasi, Romania)

Abstract

Regarding the impact of EMU on euro area firms' competitiveness and their capacity to play an important role in international markets, recent research indicates Euro contribution to increasing the competitiveness of firms by facilitating trade between countries in the eurozone and by promoting the single market integration EU. Euro zone countries are considered to be the best export base, attracting a larger number of companies from neighboring countries. Euro area enlargement and better integrate it, in addition to allowing firms to diversify their operations to lower marginal costs, also tend to be more closely associated with competition and thus a higher variety of products, higher productivity and lower prices

Suggested Citation

  • Moise Cindea & Gabriela Ciurariu, 2011. "Impact on the fate of the euro area economy," THE YEARBOOK OF THE "GH. ZANE" INSTITUTE OF ECONOMIC RESEARCHES, Gheorghe Zane Institute for Economic and Social Research ( from THE ROMANIAN ACADEMY, JASSY BRANCH), vol. 20(1), pages 49-57.
  • Handle: RePEc:zan:ygzier:v:20:y:2011:i:1:p:49-57
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    References listed on IDEAS

    as
    1. Kalemli-Ozcan, Sebnem & Papaioannou, Elias & Peydró, José-Luis, 2010. "What lies beneath the euro's effect on financial integration? Currency risk, legal harmonization, or trade?," Journal of International Economics, Elsevier, vol. 81(1), pages 75-88, May.
    2. Petroulas, Pavlos, 2007. "The effect of the euro on foreign direct investment," European Economic Review, Elsevier, vol. 51(6), pages 1468-1491, August.
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