ScholarLens Back to search
2016•Bulgarian Portal for Open ScienceOpen access

Currency Integration of the New EU Member Countries

Ivan Todorov

Open full text 0 citations

Abstract

The study analyzes the process of monetary integration of the New Member Countries from the moment of their accession to the European Union. The focus of investigation is on the nominal convergence (the fulfillment of the Maastricht criteria) and on the satisfaction of the Optimum Currency Area criteria by the New Member States. More specifically, the trade integration, the financial integration, the output structure and the labor markets of the New Member States are explored from the standpoints of the Optimum Currency Area theory and in the context of the already accomplished or forthcoming membership of the New Member States in the Euro Area. The experience of the NMS, which have already adopted the Euro, is also reviewed.

Open-access reader

About this research paper

What this paper is about

The study analyzes the process of monetary integration of the New Member Countries from the moment of their accession to the European Union. The focus of investigation is on the nominal convergence (the fulfillment of the Maastricht criteria) and on the satisfaction of the Optimum Currency Area criteria by the New Member States. More specifically, the trade integration, the financial integration, the output structure and the labor markets of the New Member States are explored from the standpoints of the Optimum Currency Area theory and in the context of the already accomplished or forthcoming membership of the New Member States in the Euro Area. The experience of the NMS, which have already adopted the Euro, is also reviewed.

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

The study analyzes the process of monetary integration of the New Member Countries from the moment of their accession to the European Union. The focus of investigation is on the nominal convergence (the fulfillment of the Maastricht criteria) and on the satisfaction of the Optimum Currency Area criteria by the New Member States. More specifically, the trade integration, the financial integration, the output structure and the labor markets of the New Member States are explored from the standpoints of the Optimum Currency Area theory and in the context of the already accomplished or forthcoming membership of the New Member States in the Euro Area. The experience of the NMS, which have already adopted the Euro, is also reviewed.

Key concepts: Member states, Single currency, Convergence (economics), Optimum currency area, Accession, Currency, Context (archaeology), Currency union

Related papers

Related paper 1Related paper 2Related paper 3
Back to paper searchBrowse research topicsOriginal source
Currency Integration of the New EU Member Countries — Research Paper | ScholarLens