search query: @journal_id 1567 / total: 22
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| Author: | Ribnikar, I. |
| Title: | Slovenia its currency and financial system within Europe |
| Journal: | Evropska priloga casopisa Vestnik
1996 : SPRING, p. 38 |
| Index terms: | |
| Freeterms: | EU, Slovenia, integration, membership, finance, money, quality, changes |
| Language: | slv |
| Abstract: | Experience shows that it is impossible to prevent international competition among currencies and financial instruments.Because of this, Slovenia has no option but to ensure stability of domestic currency and to build up financial markets and instruments in a similar way as they are in Europe.On the other hand, perfect stability (zero inflation) may not be the most desirable outcome because of its consequences on the interest rate and the real sector of the economy.One way to assure monetary stability would be to join the (future) European Monetary Union.Introduction of a common European currency would probably not be opposed by the public, since in this century monetary reforms have been very frequent.On the other hand, the cost of dispensing with the domestic currency would be the loss of the ability to improve the overall competitiveness of the economy by devaluation.These costs will be lower the better the European factor markets will function.However, we must be aware that Europe wiU not be as generous in helping particular companies as Slovene government is. |
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