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Some Critical Aspects on Monetary Maastricht Convergence Criteria

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  • Bucur Iulia Andreea

    ()
    („Vasile Alecsandri” University of Bacãu, Faculty of Economics)

  • Stângaciu Oana Ancuþa

    ()
    („Vasile Alecsandri” University of Bacãu, Faculty of Economics)

Abstract

So far, we can say that although the euro area has resisted even more than some of its critics believed, this does not make it invulnerable. In the context of current major macroeconomic imbalances, nominal convergence problem has received many analyzes and reflections. Insufficiency of the Maastricht criteria to reflect the ability of European Union Member States in achieving the economic development required by the EMU integration and also in compliance with strict fiscal and monetary policy governing its operation, is the primary consideration of the intention to highlight some of their critical aspects.

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Bibliographic Info

Article provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.

Volume (Year): XII (2012)
Issue (Month): 1 (May)
Pages: 159-164

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Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:159-164

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Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
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Keywords: nominal convergence criteria; price stability; inflation rate; long term interest rate; exchange rate;

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