• Currency
• euro
• Europea
• European
• fiorino
• forint
• Hungary
• moneta
• Orban
• taxation
• Ungheria
• unica
• Union
• Unione

This thesis analyses the optimal policy options for the Hungarian economy, to adopt or not to adopt the euro, through an investigation of fiscal and monetary policies.
This first part analyses the historical and economic factors that led to the single currency. The research aims to analyse the foundations of the Euro project, in particular, the theory of Optimal Currency Areas (OCA). The study examines the European Union as an OCA and demonstrates that the creation of a single currency is possible within three different zones.
The second chapter focuses on the history of Hungary and its economic situation since 1989. This study had relevance to comprehending what Hungarian people faced in their past. This second chapter focuses on the history of Hungary and its economic situation since 1989.
The third part examines the possible macroeconomic effects if Hungary joins the Euro or remains with the Hungarian forint. More precisely, the investigation uses a system that can predict an asymmetric shock and possible economic changes in the case of a national or common currency.
To understand the effect of joining a new currency, the research uses a mixing methodology. Qualitative research provides insight into the Hungarian lifestyle and changes in the Hungarian economy over time. Through the analysis of macroeconomic developments, qualitative research shows the possible scenarios that the economy may face.
The structure of this study poses an ideal template for those who are interested in studying the accession of other countries to the European Union and, more generally, in critically analysing the optimal area of assessment, which is a key issue in the development of the single currency project.