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This paper presents the main costs and benefits of accession to the EMU countries, different transmission mechanisms of … growth. The resulting benefits are presented after elimination of transaction costs and decrease welfare gains due to … on the real economy. Are costs caused by the occurrence of asymmetric shocks, different preferences of countries of …
Persistent link: https://www.econbiz.de/10005087788
of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the … freedom of trade. We also briefly analyze the social and political costs of the accompanying social disorder. …
Persistent link: https://www.econbiz.de/10010255127
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This article highlights the results of the second part of a study exploring the possibility of implementing the IFRS international standards in Romania and the potential effects that may occur due to the adoption of this standard. In the second part of the study we aim to determine the...
Persistent link: https://www.econbiz.de/10011198460
”. Considering that an enhanced convergence of the national regulation with the international ones is required, such a study is … necessary to identify the difficulties, costs but also the eventual suggestions necessary to make the implementation process as … as the activities performed prior to using the IFRS and the costs incurred by reporting as per IFRS provisions. …
Persistent link: https://www.econbiz.de/10011198461
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This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their … by the optimum currency areas (OCA) framework. To some extent, the findings could signify if real convergence has been … conditions across the states have improved and converged after unification. In some convergence aspects, findings suggest …
Persistent link: https://www.econbiz.de/10011499412