Adopting the Euro: Costs or Benefits?
This paper presents the main costs and benefits of accession to the EMU countries, different transmission mechanisms of monetary policy measures villages as national fiscal policies and the procedures for quantifying the effects of these measures on the real economy. Are costs caused by the occurren...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2007-01-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/181.pdf
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| Summary: | This paper presents the main costs and benefits of accession to the EMU countries, different
transmission mechanisms of monetary policy measures villages as national fiscal policies and the procedures
for quantifying the effects of these measures on the real economy. Are costs caused by the occurrence
of asymmetric shocks, different preferences of countries of inflation and unemployment and due to
institutional differences in the labor market or something to with different rates of growth. The resulting
benefits are presented after elimination of transaction costs and decrease welfare gains due to uncertainty
after joining the EMU. |
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| ISSN: | 1841-8678 1844-0029 |