Adopting the Euro: A Long Path towards National Consensus within the Euro Area Candidate Countries
Adopting the Euro: A Long Path towards National Consensus within the Euro Area Candidate Countries

Summary/Abstract: The global financial crisis outbreak after 2007 has profoundly changed the course of thehistory of relations in the world economy, creating a complicated framework of political relationsbetween countries and economic regions. In this context, it is important to depict the economicconvergence stage of Euro Area candidate countries and to what extent this crisis has or has not changedthe euro adoption objective for these countries. The present paper aimed to shed a light on this issue byanalyzing both the state of the convergence process and the public attitude regarding euro adoption infour Euro Area candidate countries which have the same monetary policy strategy (inflation targeting).The research results show the way in which the global financial crisis “deviates” the convergencetrajectory of the nominal indicators, but also the political and public sentiment against the euro adoptionin the selected countries. The results represent a valuable groundwork for analyzing the way in whichNational Central Banks candidate to the Eurosystem are implied into the processing for euro adoptionduring turbulence times

• Details
• Contents