Economic Themes (2013) 51 (4) 5, 685-694
Dragana Marković, Srđan Furtula
Abstract: Although founded as an experiment of the twentieth century, without a political union and non-compliance with the agreed basic principles of integration, the European Monetary Union will definitely mark the new millennium. Divided politically and monetarily integrated Europe withstood many challenges and pressures, but the problems that existed from the very beginning not only did not solve, but there are created and new. Despite the efforts of the EU member states to join the EMU, it is necessary to analyze the level of development of the EMU countries' ex ante and ex post accession to the EMU. This paper is devoted to the analysis of problems and changes in key economic parameters of the Member States, 12 years after joining the EMU.
Keywords: EMU; monetary integration; convergence criteria; problems in the EMU
EFFECTS OF THE EUROPEAN MONETARY UNION ON MEMBER STATES
Dragana Marković, Srđan Furtula
Abstract: Although founded as an experiment of the twentieth century, without a political union and non-compliance with the agreed basic principles of integration, the European Monetary Union will definitely mark the new millennium. Divided politically and monetarily integrated Europe withstood many challenges and pressures, but the problems that existed from the very beginning not only did not solve, but there are created and new. Despite the efforts of the EU member states to join the EMU, it is necessary to analyze the level of development of the EMU countries' ex ante and ex post accession to the EMU. This paper is devoted to the analysis of problems and changes in key economic parameters of the Member States, 12 years after joining the EMU.
Keywords: EMU; monetary integration; convergence criteria; problems in the EMU
