PROS AND CONS FOR ADOPTING EURO

Padurean Elena ()
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Padurean Elena: ”Victor Slavescu” Financial and Monetary Research Center, Romanian Academy, Romania

Contemporary Economy Journal, 2016, vol. 1, issue 3, 32-35

Abstract: By the establishment of the Euro monetary area, with two large pillars, the European Central Bank and the single currency, for the first time in history “a central European producer of symbol-currency appears, which not only delivers the state from the budget limitations imposed by the former regime (European Monetary System), but also opens for it and its partisans new ways for enrichment, at the expense of the other citizens. This is the true purpose of ECB and this is the intention of its creators” [Hulsmann].

Keywords: Euro; single currency; adopt the Euro; monetary policy; exchange rate (search for similar items in EconPapers)
JEL-codes: E5 E6 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:1:y:2016:i:3:p:32-35

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