IDEAS home Printed from https://ideas.repec.org/a/ris/ecoint/0311.html
   My bibliography  Save this article

The European Union Before and After the Euro: An Assessment of the Maastricht Convergence Criteria

Author

Listed:

Abstract

The Maastricht Treaty established convergence criteria designed to facilitate the introduction of a single currency in the European Union. Since very few of the 1 5 members are expected to satisfy all the prescribed criteria, it is anticipated that a loose interpretation of satisfaction will allow as much inclusivity as possible. After the euro and the loss of monetary independence, unemployment and regional disparities, which are unlikely to be solved by labour mobility, must be fought at the country level with fiscal policies. The limited degree of fiscal freedom enjoyed by individual members will strain somehow the spirit of unit3; but progress on social integration will make possible the necessary compromises across the community even at the time that small government is the call of the day.

Suggested Citation

  • Afxentiou , Panos, 1998. "The European Union Before and After the Euro: An Assessment of the Maastricht Convergence Criteria," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 51(1), pages 1-14.
  • Handle: RePEc:ris:ecoint:0311
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:ecoint:0311. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angela Procopio). General contact details of provider: http://edirc.repec.org/data/cacogit.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.