EXIT STRATEGIES IN THE EURO ZONE

Emilian M. Dobrescu and Edith Mihaela Dobrescu
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Emilian M. Dobrescu: National Economic Institute, Romanian Academy, Bucharest, Romania, Titular Member of Romanian Academy Scientist
Edith Mihaela Dobrescu: Institute for World Economy, Romanian Academy, Bucharest, Romania

Journal of Financial and Monetary Economics, 2016, vol. 3, issue 1, 235-237

Abstract: There is no easy exit out from the Convergence Economic Zone and Monetary Union (EMU), which means that both the Eurozone and the EMU are deficient due to lack of these criteria. It is a must that these criteria to be quickly invented. People have learned that nothing is eternal, immutable, and after several millennia of history had to know that when they do conventions for creating and recognizing an entity, especially for entry into this entity, they should propose criteria and output / lack of recognition of that entity.

Keywords: Economic and Monetary Union; Financial Market; Currency Market (search for similar items in EconPapers)
JEL-codes: G1 G15 (search for similar items in EconPapers)
Date: 2016
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