Trade integration of the Central and Eastern European economies with the Euro area

Marinaº Marius-Corneliu
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Marinaº Marius-Corneliu: Bucharest University of Economic Studies, Department of Economics
Authors registered in the RePEc Author Service: Marius Corneliu Marinas

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 215-219

Abstract: The objective of this study is to examine the intensity of the trade linkages between the CEE economies and the countries belonging to the core and periphery of the euro area, in terms of the symmetry of the shocks and costs of the adopting euro currency. The trade represents a transmission channel for the external shocks towards the CEE emerging economies, and thus the macroeconomic evolutions from monetary union will influence the exports of the new EU member countries and their economic growth process. The first part of the study examines the significance of the trade integration based on the theory of the optimum currency areas, making references to the results found in the economic literature. In the second section, I have determined the degree of trade integration with the Euro zone countries, first of all making an analysis for Romania's case and then of the other CEE economies.

Keywords: trade integration; Euro area; business cycle synchronization; external shocks (search for similar items in EconPapers)
JEL-codes: E42 F15 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:215-219

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