The Euro Zone – between Fiscal Heterogeneity and Monetary Unity
<div class="page" title="Page 1"><div class="section"><div class="layoutArea"><div class="column"><p><span>In a period in which the functioning of the Euro Zone has generated intense debate, this paper aims at prov...
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| Format: | Article |
| Language: | English |
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Babes-Bolyai University, Cluj-Napoca
2014-11-01
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| Series: | Transylvanian Review of Administrative Sciences |
| Subjects: | |
| Online Access: | https://rtsa.ro/tras/index.php/tras/article/view/4 |
| _version_ | 1826579893001912320 |
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| author | Horaţiu DAN |
| author_facet | Horaţiu DAN |
| author_sort | Horaţiu DAN |
| collection | DOAJ |
| description | <div class="page" title="Page 1"><div class="section"><div class="layoutArea"><div class="column"><p><span>In a period in which the functioning of the Euro Zone has generated intense debate, this paper aims at providing a detailed view on one of the main characteristics de</span><span>fi</span><span>ning the single currency area: the dichotomy between a unique monetary policy and an almost complete lack of </span><span>fi</span><span>scal integration. After analyzing the relationship between </span><span>fi</span><span>scal and monetary policies, we iden- tify within the European construction a series of weak points generated by a highly hetero- geneous </span><span>fi</span><span>scal environment, arguing that these de</span><span>fi</span><span>ciencies need to be swiftly addressed. Last but not least, we set forth potential solutions that would promote Euro Zone </span><span>fi</span><span>scal discipline and would help eliminate asymmetric shocks, thus creating a more uniform economic environment in which Member States enjoy an increased </span><span>fi</span><span>- nancial health and in which monetary policy can be more ef</span><span>fi</span><span>ciently conducted. </span></p></div></div></div></div> |
| first_indexed | 2024-03-11T11:46:37Z |
| format | Article |
| id | doaj.art-8b6f5c28be7e4087902e83ae0ea3b0b8 |
| institution | Directory Open Access Journal |
| issn | 1842-2845 |
| language | English |
| last_indexed | 2025-03-14T14:25:30Z |
| publishDate | 2014-11-01 |
| publisher | Babes-Bolyai University, Cluj-Napoca |
| record_format | Article |
| series | Transylvanian Review of Administrative Sciences |
| spelling | doaj.art-8b6f5c28be7e4087902e83ae0ea3b0b82025-02-26T12:09:42ZengBabes-Bolyai University, Cluj-NapocaTransylvanian Review of Administrative Sciences1842-28452014-11-011043688418The Euro Zone – between Fiscal Heterogeneity and Monetary UnityHoraţiu DAN0Assistant Professor, PhD, Faculty of European Studies, Babeș- Bolyai University, Cluj-Napoca, Romania<div class="page" title="Page 1"><div class="section"><div class="layoutArea"><div class="column"><p><span>In a period in which the functioning of the Euro Zone has generated intense debate, this paper aims at providing a detailed view on one of the main characteristics de</span><span>fi</span><span>ning the single currency area: the dichotomy between a unique monetary policy and an almost complete lack of </span><span>fi</span><span>scal integration. After analyzing the relationship between </span><span>fi</span><span>scal and monetary policies, we iden- tify within the European construction a series of weak points generated by a highly hetero- geneous </span><span>fi</span><span>scal environment, arguing that these de</span><span>fi</span><span>ciencies need to be swiftly addressed. Last but not least, we set forth potential solutions that would promote Euro Zone </span><span>fi</span><span>scal discipline and would help eliminate asymmetric shocks, thus creating a more uniform economic environment in which Member States enjoy an increased </span><span>fi</span><span>- nancial health and in which monetary policy can be more ef</span><span>fi</span><span>ciently conducted. </span></p></div></div></div></div>https://rtsa.ro/tras/index.php/tras/article/view/4euro zone, fiscal policy, monetary policy, fiscal discipline |
| spellingShingle | Horaţiu DAN The Euro Zone – between Fiscal Heterogeneity and Monetary Unity Transylvanian Review of Administrative Sciences euro zone, fiscal policy, monetary policy, fiscal discipline |
| title | The Euro Zone – between Fiscal Heterogeneity and Monetary Unity |
| title_full | The Euro Zone – between Fiscal Heterogeneity and Monetary Unity |
| title_fullStr | The Euro Zone – between Fiscal Heterogeneity and Monetary Unity |
| title_full_unstemmed | The Euro Zone – between Fiscal Heterogeneity and Monetary Unity |
| title_short | The Euro Zone – between Fiscal Heterogeneity and Monetary Unity |
| title_sort | euro zone between fiscal heterogeneity and monetary unity |
| topic | euro zone, fiscal policy, monetary policy, fiscal discipline |
| url | https://rtsa.ro/tras/index.php/tras/article/view/4 |
| work_keys_str_mv | AT horatiudan theeurozonebetweenfiscalheterogeneityandmonetaryunity AT horatiudan eurozonebetweenfiscalheterogeneityandmonetaryunity |