The Euro addoption process – macroeconomic effects for member states

Ion ROSU Hamzescu
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Ion ROSU Hamzescu: University of Craiova

Annals of University of Craiova - Economic Sciences Series, 2008, vol. 2, issue 36, 540-543

Abstract: In January 2004 eleven members of the European Union (EU) took a new step toward the creation of a single European market. They launched the European Monetary Union and implemented a new cross-border currency, the euro.This event was unprecedented in monetary history. This article deals with the macro-economic effects of euro implementation. First, it considers the trade-creating and trade-destroying effects within the new currency area as well as for non-EMU countries. It then examines the internal economic implications for countries both within and outside of the new euro-currency zone

Keywords: Euro; EU; macroeconomic effects (search for similar items in EconPapers)
JEL-codes: E00 E60 F00 F15 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:2:y:2008:i:11:p:540-543

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