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Aprecierea optimalitatii zonei monetare Euro
[Assessing whether the Euro zone is an optimal currency Area]

Author

Listed:
  • Puiu, Cristina

Abstract

The aim of this paper is to analyze whether the Euro zone is an optimal currency area. The analysis takes into consideration the existing literature and the empirical data for several criteria of the optimum currency area theory. Since the introduction of the euro there have been significant advancements in fulfilling some of the criteria, but there is still a need of further progress in terms of wage flexibility, fiscal and political integration. The final conclusion is that Euro zone is not an optimum currency area.

Suggested Citation

  • Puiu, Cristina, 2010. "Aprecierea optimalitatii zonei monetare Euro [Assessing whether the Euro zone is an optimal currency Area]," MPRA Paper 28659, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:28659
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    File URL: https://mpra.ub.uni-muenchen.de/28659/1/MPRA_paper_28659.pdf
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    More about this item

    Keywords

    euro; optimum currency area; Economic and Monetary Union.;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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