Noi exigente privind aderarea si postaderarea la zona euro

Studii Economice from Institutul National de Cercetari Economice (INCE)

Abstract: During the 20 years since the adoption of the euro by the first 11 countries and especially in the years following the crisis, the EU and the euro area have taken important legislative and economic initiatives. They aimed at: 1) achieving the sustainability of the convergence criteria; 2) taking into account the relevant additional factors; 3) ensuring the stability of public finances by activating the macroeconomic imbalances procedure; 4) improving the functioning and governance of the economy by introducing a broad framework for coordinating economic policies and the complex decision-making process (European Semester, strengthening the supervision of public finances, coordinating macroeconomic policies); 5) deepening the European integration of the financial-banking sector through the establishment and development of the banking union. These new requirements are important not only for the moment of accession to the euro area, but also for the post-accession phase for the country to cope with its new role as a member of the Economic and Monetary Union.

Keywords: euro adoption; exchange rate mechanism II; euro area; sustainability of the convergence criteria; relevant additional factors; single supervisory mechanism; single resolution mechanism; banking union (search for similar items in EconPapers)
JEL-codes: E42 E61 E63 F02 F36 F45 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2020-01
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:ror:seince:200131

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