Emu (Alternative Paths of East Asian Monetary Integration in Light of European Economic and Monetary Union)

2004 ◽  
Author(s):  
Sung-Hoon Park ◽  
Heung Chong Kim
Keyword(s):  
Monetary Union ◽  
East Asian ◽  
Monetary Integration ◽  
Economic And Monetary Union ◽  
European Economic

scholarly journals ACCESSION OF THE REPUBLIC OF CROATIA TO THE EUROPEAN ECONOMIC AND MONETARY UNION

2017 ◽  
pp. 166-197
Keyword(s):  
Interest Rates ◽  
Monetary Union ◽  
Financial Stability ◽  
Monetary Integration ◽  
Economic And Monetary Union ◽  
Convergence Criteria ◽  
Member States ◽  
European Economic ◽  
Euro Adoption ◽  
Eu Member States

European monetary integration is a long-term process which ended with the establishment of the European Economic and Monetary union in 2002. Entering in the last stage of integration and adopting the euro is significant step for the economies of member states. To participate in the EMU, member states need to fulfil certain criteria, known as the convergence criteria or Maastricht criteria, which essentially comprise the fulfilment of the price stability, financial stability and stability of exchange rates and interest rates. Considering nominal criteria, member states must accomplish real convergence which means they need to reduce development lagging after other EU members. This paper examines effects of euro adoption on entire European Union including Republic of Croatia. The effects of adopting the euro on Croatian economy are explored from microeconomic and macroeconomic aspect. Regarding the variety of positive, but also negative effects on Croatian economy which are analysed in this paper, it can be concluded that adopting the euro has a positive effect on Croatian economy, assuming the convergence criteria achievement and initiation of the structural reforms that will reduce development disparities between Croatian economy and economies of the rest EU member states.

scholarly journals The road to European Economic and Monetary Union

1991 ◽  
Vol 26 (4) ◽  
pp. 151-158
Author(s):  
Helmut Schlesinger
Keyword(s):  
Monetary Union ◽  
Economic And Monetary Union ◽  
European Economic ◽  
The Road
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