THE EURO AREA CRISIS IMPACT ON CANDIDATE COUNTRIES

Anca Tanasie
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Anca Tanasie: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2013, vol. 1, issue 41, 125-130

Abstract: Since 2007, the economic and monetary situation in the euro Area has been seriously affected by the developments generated by an ongoing crisis. The status and evolution of candidate countries took a sudden turn, criteria fulfillment had to be reconsidered, stability became an issue and the Euro adoption has been put into a different perspective. Current candidate countries, including Romania must approach the Euro Area membership in more restrictive and rigorous manner. This paper aims to present a brief assessment of recent developments concerning the Euro adoption process.

Keywords: crisis; Euro; Romania; monetary convergence (search for similar items in EconPapers)
JEL-codes: E42 F33 F36 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2013:i:41:p:125-130

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