DIFFERENT FINANCIAL CONDITIONS IN THE EMU COUNTRIES BEFORE AND AFTER THE ECONOMIC CRISIS

被引:0
|
作者
Cristian, Ovidiu [1 ]
机构
[1] Univ Babes Bolyai, Fac Econ & Business Adm, Cluj Napoca, Romania
关键词
EMU; inflation; financial; integration;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study the changes introduced by the process of euro adoption on the financial conditions existing in the Euro zone countries. We find that at a supranational level, this process has been on average beneficial, inducing a smaller average inflation rate, accelerating interest rate convergence and financial market integration. However, there are disparities between countries at the national level and these disparities tend to persist in time, regardless of the above-mentioned positive effects.
引用
收藏
页码:166 / 173
页数:8
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