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Convergence, the Maastricht Criteria, and Their Benefits

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  • Afxentiou, Panos

    ()
    (University of Calgary, Department of Economics)

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    Abstract

    Developments forced a shift from the early heavy weight of political designs to economic considerations for a unified Europe. At the core of the European Economic Union are the Maastricht convergence criteria, which through monetary and fiscal stability aim at building the foundations of the euro. The costs and benefits of the monetary union appear to be small and rather difficult to estimate precisely, but the contribution of Maastricht stability rates to real per capita growth and the desire of countries to join the union suggest that inclusion is desirable and definitely preferable to exclusion.

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    Bibliographic Info

    Article provided by Camera di Commercio di Genova in its journal Economia Internazionale / International Economics.

    Volume (Year): 53 (2000)
    Issue (Month): 4 ()
    Pages: 437-448

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    Handle: RePEc:ris:ecoint:0229

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    Cited by:
    1. Staehr, Karsten, 2008. "Fiscal policies and business cycles in an enlarged euro area," Economic Systems, Elsevier, vol. 32(1), pages 46-69, March.
    2. Wan, Zheng & Wang, Xuefeng & Sperling, Daniel, 2013. "Policy and politics behind the public transportation systems of China's medium-sized cities: Evidence from the Huizhou reform," Utilities Policy, Elsevier, vol. 27(C), pages 1-8.
    3. Bagella, Michele & Becchetti, Leonardo & Hasan, Iftekhar, 2004. "The anticipated and concurring effects of the EMU: exchange rate volatility, institutions and growth," Journal of International Money and Finance, Elsevier, vol. 23(7-8), pages 1053-1080.

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