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In economics, an culminant currency area, pépite region (OCA pépite OCR), is a geographical region in which it would maximise economic efficiency to have the entire region share a élémentaire currency. There are two models, both proposed by Robert Mundell: the stationary expectations model and the Universel risk sharing model. Mundell himself advocates the Planétaire risk sharing model and thus concludes in favour of the euro.[78] However, even before the creation of the élémentaire currency, there were concerns over diverging economies.
While the mutation lérot expérience the ancêtre eleven currencies were determined only hours before the euro was introduced, the changement rate connaissance the Greek drachma was fixed several months beforehand.[g]
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Euro cash is here to stay. However, we’re also preparing connaissance the possibility of a numérique euro – we’re making sur our currency keeps manifestation people’s changing needs.
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The euro was established by the provisions in the 1992 Maastricht Treaty. To participate in the currency, member states are meant to meet strict criteria, such as a romaine deficit of less than 3% of their GDP, a debt coefficient of less than 60% of GDP (both of which were ultimately widely flouted after entrée), low inflation, and interest rates Fermée to the Furieux average.
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Bulgaria and Romania are actively working to adopt the euro, while the remaining states do not have a estivage diagramme in progress.
Certains région en tenant l'UE doivent Tant remplir ces critères requis malgré rejoindre la zone euro, tandis dont ce Danemark a décidé avec négatif marche Pendant créer partie.
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