| Title |
Lietuvos integracijos į Europos pinigų sąjungą vertinimas kaštų atžvilgiu / |
| Translation of Title |
Assesment of Lithuania integration into the European Monetary Union of the cost-effective. |
| Authors |
Krušinskas, Rytis ; Benetytė, Raminta |
| DOI |
10.15544/ssaf.2014.09 |
| Full Text |
|
| Is Part of |
Apskaitos ir finansų mokslas ir studijos: problemos ir perspektyvos = Science and studies of accounting and finances: problems and perspectives.. Akademija : Aleksandro Stulginskio universitetas. 2014, Nr. 1 (9), p. 82-87.. ISSN 2029-1175. eISSN 2351-5597 |
| Keywords [eng] |
cost ; euro ; European Monetary Union ; SLOPOL model |
| Abstract [eng] |
The Treaty on the Functioning of the European Union provides that all Member States of the European Union shall harmonize their economic and exchange rate policies, conduct an appropriate fiscal policy, and join the euro area once they fulfill the conditions for the adoption of the single currency set out in the Treaty. The European Union institutions assess the economic convergence with the euro area of a country which is preparing to adopt the euro and it‘s eligibility for the changeover to the single currency of the European Union. In the 1st of May, 2004, when Lithuania became an official member of the European Union, automatically goal was set to abandon the national currency and become a full member of the euro zone, when Lithuania meet the convergence criteria. The first attempt to join the euro zone has been since 1st of January, 2007, but Lithuania met only three if the four convergence criteria. When inflation exceeded the convergence criteria by 0.1 percent, the European Commissions report on Lithuanias accession to the euro zone was negative. Unsuccessful attempts to join the euro zone shows that Lithuania‗s integration into the European Monetary Union is not properly analyzed topic in Lithuania, therefore for achieving the final success of the integration into European Monetary Union since 1st of January, 2015 the identification and assessment of integration problems and prospects extremely important. So the basic aim of the article is to assess the costs of Lithuania fully integrate into the European Monetary Union since 1st of January, 2015 by simulating the most favorable economic environment adoption of the euro. The object is the costs of Lithuania‘s integration into the European Monetary Union. And the tasks are to analyze the positive and negative aspects in order to join into the European Monetary Union and to assess the costs of Lithuania‘s integration into the European Monetary Union. |
| Published |
Akademija : Aleksandro Stulginskio universitetas |
| Type |
Journal article |
| Language |
Lithuanian |
| Publication date |
2014 |
| CC license |
|
