Euro – Single Currency of the European Union

Amarița Adrian ()
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Amarița Adrian: Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2017, vol. XVII, issue 1, 2-8

Abstract: A subject as optimal monetary areas were very challenging. The starting point was made byRobert Mundell which influenced the debate linked to this subject. Economic and Monetary Unionwas a choice, a target and a challenge. Realizing an optimal monetary area become priority whenthe “Werner†report was handled to the official and public agenda. This tentative failed ascircumstances were non-friendly for the integration process. Another tentative started in 1979being comprised in the Delors Report. Based on this document started a new generation ofmonetary integration having as an emblem the Maastricht Treaty. European countries committed to obtain “convergence of their economies†. I pointed outthat an appropriate perception of the subject oblige the analysts refers to a much broader visionthan convergence criteria. One of the main questions I asked myself was whether euro hasfacilitated an appropriate level of convergence between member countries’ economies.

Keywords: Euro; single currency; monetary Union; exchange rate; economic and monetary policy (search for similar items in EconPapers)
JEL-codes: E42 E52 E58 F45 (search for similar items in EconPapers)
Date: 2017
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