Convergence, the Maastricht Criteria, and Their Benefits
Panos Afxentiou (afxentio@ucalgary.ca)
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Panos Afxentiou: University of Calgary, Department of Economics, Postal: 2500 University Drive NW Calgary Alberta Canada T2N 1N4, http://econ.ucalgary.ca/
Economia Internazionale / International Economics, 2000, vol. 53, issue 4, 437-448
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.
JEL-codes: C22 E62 H50 (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0229
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