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: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2007-01-01
|
| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/181.pdf
|
| _version_ | 1818298945421443072 |
|---|---|
| author | Cristian Socol Aura Socol |
| author_facet | Cristian Socol Aura Socol |
| author_sort | Cristian Socol |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-13T04:43:23Z |
| format | Article |
| id | doaj.art-fa32c525150843b392533d2bf7ccd359 |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-12-13T04:43:23Z |
| publishDate | 2007-01-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-fa32c525150843b392533d2bf7ccd3592022-12-21T23:59:15ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292007-01-01XIV1516018418678Adopting the Euro: Costs or Benefits?Cristian Socol0Aura Socol1 Academia de Studii Economice Bucuresti 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. http://store.ectap.ro/articole/181.pdf optimum currency areacostbenefitsEuropean Monetary Unioneuroconvergence |
| spellingShingle | Cristian Socol Aura Socol Adopting the Euro: Costs or Benefits? Theoretical and Applied Economics optimum currency area cost benefits European Monetary Union euro convergence |
| title | Adopting the Euro: Costs or Benefits? |
| title_full | Adopting the Euro: Costs or Benefits? |
| title_fullStr | Adopting the Euro: Costs or Benefits? |
| title_full_unstemmed | Adopting the Euro: Costs or Benefits? |
| title_short | Adopting the Euro: Costs or Benefits? |
| title_sort | adopting the euro costs or benefits |
| topic | optimum currency area cost benefits European Monetary Union euro convergence |
| url |
http://store.ectap.ro/articole/181.pdf
|
| work_keys_str_mv | AT cristiansocol adoptingtheeurocostsorbenefits AT aurasocol adoptingtheeurocostsorbenefits |