THE IMPLICATIONS OF THE ACCESSION TO THE ECONOMIC AND MONETARY UNION (EMU) FOR THE COUNTRIES OUTSIDE THE EUROZONE

Assoc. Prof. Roxana Bdîrcea Ph. D*, Assoc. Prof. Radu Buziernescu Ph. D
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Assoc. Prof. Roxana Bdîrcea Ph. D*, Assoc. Prof. Radu Buziernescu Ph. D: University of Craiova Faculty of Economics and Business Administration Craiova, Romania

Annals of University of Craiova - Economic Sciences Series, 2011, vol. 4, issue 39, 31-36

Abstract: The paper makes a review of the current situation of the countries outside the Eurozone and the future period consequences generated by the transition to Euro upon these countries. The major consequences for the countries wishing to access to the EMU relate to the occurrence of new elements of Community acquis, to the adoption of a monetary policy to facilitate the transition to community monetary policy and to ensure the achievement of inflation criterion, to the adoption of an exchange rate regime compatible with the European Monetary System EMS II and to ensure the criteria regarding the exchange rate. In the paper these elements are compared and the possible options are analysed for the future period for each of these counties.

Keywords: Euro; monetary policy; exchange rate; EMS II (search for similar items in EconPapers)
JEL-codes: E42 E52 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2011:i:6:p:31-36

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