Euro Ve Kriz Sonrası Dönemde Parsal İstikrar (The Euro and the Monetary Stability in the Post-Crisis Period)

Ekonomi Bilimleri Dergisi, Vol. 3, No. 1, 2011

13 Pages Posted: 26 Nov 2012

See all articles by Mustafa Öztürk

Mustafa Öztürk

International Trade

Osman Nuri Aras

Nile University of Nigeria

Date Written: December 1, 2011

Abstract

The final stage of the unification process of European Union is monetary union. From July 1, 2002, The currency called the Euro has replaced the national currencies. This situation has caused concern from the very beginning. Unless achieving harmonization on application of monetary and fiscal policies, there might be problems on economic activities. Euro which has emerged as a reserve currency, has faced internal and external weaknesses. The first one is not providing the conditions laid down for monetary union by the countries that are included in the euro area in the European Unions enlargement process. Debts of the member countries have increased over time and they began to experience fiscal problems. All these problems become more apparent after the global crisis.

Note: Downloadable document is in Turkish.

Keywords: Monetary Union, Debt Crisis, Fiscal Policies, European Union

JEL Classification: E62, F33, F34, F36, H63

Suggested Citation

Öztürk, Mustafa and Aras, Osman Nuri, Euro Ve Kriz Sonrası Dönemde Parsal İstikrar (The Euro and the Monetary Stability in the Post-Crisis Period) (December 1, 2011). Ekonomi Bilimleri Dergisi, Vol. 3, No. 1, 2011. Available at SSRN: https://ssrn.com/abstract=2180762

Mustafa Öztürk

International Trade

Istanbul
Turkey

Osman Nuri Aras (Contact Author)

Nile University of Nigeria ( email )

Abuja
Nigeria

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