CHALLENGES OF THE ECONOMIC AND MONETARY UNION IN THE CONTEXT OF THE ECONOMIC CRISIS

Ioana Laura Valeanu ()
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Ioana Laura Valeanu: Alexandru Ioan Cuza University of Iasi, Romania

CES Working Papers, 2012, vol. 4(4), issue 4, 866-877

Abstract: The economic and financial crisis which has affected the world economy since 2008 raised a question mark regarding the viability of the Economic and Monetary Union and the future of the euro. The main objective of this paper is to identify the amplitude of the effects of the economic crisis on the functioning and stability of EMU. Following the main objective, the study is meant to analyze the theoretic fundamentals which were at the basis of the creation of EMU and an analysis of the financial policies and instruments meant to render stability and sustainable economic growth in the countries of the Eurozone.

Keywords: Economic and Monetary Union; Optimum Currency Areas; euro zone; economic crisis; stabilization policies Romania (search for similar items in EconPapers)
JEL-codes: E62 G01 H63 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:jes:wpaper:y:2012:v:4:i:4:p:866-877

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