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Fulfillment of Maastricht Convergence Criteria and the Acceding Countries

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  • Vladimir Lavrac

    (Institute for Economic Research Ljubljana)

Abstract

This paper first touches upon the definition and purpose of the Maastricht convergence criteria, and next analyses the rules, procedures, methodology and interpretation of meeting the Maastricht convergence criteria. It is shown how acceding countries presently fulfill the Maastricht convergence criteria and how the present EMU countries complied with them at a comparable time distance before their own entry in EMU. Some of the related issues, such as monetary and fiscal policy, coordination among economic policies and relationship between nominal and real convergence are dealt with only as much as they have a bearing on the fulfillment of the Maastricht convergence criteria.

Suggested Citation

  • Vladimir Lavrac, 2004. "Fulfillment of Maastricht Convergence Criteria and the Acceding Countries," Eastward Enlargement of the Euro-zone Working Papers wp21, Free University Berlin, Jean Monnet Centre of Excellence, revised 01 Mar 2004.
    • Handle: RePEc:ezo:ezppap:wp21
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    File URL: http://www.ezoneplus.org/archiv/ezp_wp_21.pdf
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    References listed on IDEAS

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    1. Peter Backé & Christian Thimann & Olga Arratibel & Oscar Calvo-Gonzalez & Arnaud Mehl & Carolin Nerlich, 2004. "The acceding countries’ strategies towards ERM II and the adoption of the euro - an analytical review," Occasional Paper Series 10, European Central Bank.
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    Cited by:

    1. Minea, Alexandru & Rault, Christophe, 2011. "External monetary shocks and monetary integration: Evidence from the Bulgarian currency board," Economic Modelling, Elsevier, vol. 28(5), pages 2271-2281, September.

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