Some Critical Aspects on Monetary Maastricht Convergence Criteria

Iulia Bucur and Oana Stangaciu

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 159-164

Abstract: So far, we can say that although the euro area has resisted even more than some of its critics believed, this does not make it invulnerable. In the context of current major macroeconomic imbalances, nominal convergence problem has received many analyzes and reflections. Insufficiency of the Maastricht criteria to reflect the ability of European Union Member States in achieving the economic development required by the EMU integration and also in compliance with strict fiscal and monetary policy governing its operation, is the primary consideration of the intention to highlight some of their critical aspects.

Keywords: nominal convergence criteria; price stability; inflation rate; long term interest rate; exchange rate (search for similar items in EconPapers)
JEL-codes: E31 E43 F15 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:159-164

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