The Single European Currency: Prospects and an Alternative Proposal
AbstractThis paper appraises the current position of the European Union (EU) countries, which could potentially become members of the Economic and Monetary Union (EMU) which is now likely to materialise in January, 1999, in an attempt to argue that the current EMU criteria should be revised. The paper discusses briefly and critically the Maastricht Treaty arrangements and convergence criteria for the single currency, reviews the current position of all the members of the EU, and presents a proposal for a new Maastricht. This alternative proposal seeks to overcome the deflationary biases in the Maastricht proposals, and suggests for low unemployment rates to be included in the convergence criteria.
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Bibliographic InfoArticle provided by Faculty of Economics and Business, University of Zagreb in its journal Zagreb International Review of Economics and Business.
Volume (Year): 1 (1998)
Issue (Month): 1 (May)
Postal: Zagreb International Review of Economics and Business, Faculty of Economics and Business, Trg J. F. Kennedy 6, 10000 Zagreb, Croatia.
Find related papers by JEL classification:
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
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