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The opportunity for the euro’s introduction in Romania and Hungary

Ölvedi, Tímea and Miklós, Gábor (2019) The opportunity for the euro’s introduction in Romania and Hungary. Köz-gazdaság, 14 (3). pp. 161-167. DOI https://doi.org/10.14267/RETP2019.03.11

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Official URL: https://doi.org/10.14267/RETP2019.03.11


Abstract

After 2004, more than half of the 13 countries that joined the EU, 7 have already joined the eurozone, too, while 6 countries, including Romania and Hungary, the subject of our research have not yet to join. Moreover, apart from some press releases it does not even seen when Prage, Warsaw, Zagreb and Sofia beside Budapest and Bucharest enter the ERM-II system, which is considered the euro hall. Therefore, in our paper, we examine the trade and economic indicators for the two chosen countries that are not included in the Maastricht Convergence Criteria, at the same time we do not think it is possible to set aside them if we want to use the European single currency in the future in a sustainable way. We prepesent our work as a thought-provoking, and we would like to contribute with our analysis to the possible biggest domestic macroeconomic changes in the next decade. In our view, only the smallest challenge is the introduction of the euro from the perspective of the real economy. Greater efforts will be made by sustainable economic development in the euro area.

Item Type:Article
Subjects:International economics
Finance
DOI:https://doi.org/10.14267/RETP2019.03.11
ID Code:6031
Deposited By: Veronika Vitéz
Deposited On:03 Nov 2020 17:29
Last Modified:03 Nov 2020 17:29

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