Structural Characteristics of the Maastricht Convergence Criteria
Panos Afxentiou and
Apostolos Serletis
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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, 2001, vol. 54, issue 3, 283-298
Abstract:
A historical and theoretical examination of the Maastricht convergence criteria for the period 1971 to 1998 produced relatively similar results. By 1998 most of the European Union countries satisfied these criteria. Progress in countries like Greece, Italy, Finland, and Sweden was weak regarding the deficit ratio criterion. Greece, Italy and Belgium also struggled to comply with the debt ratio Maastricht target. After the introduction of the euro as the common currency, discussions will shift from the Maastricht convergence rules to issues of growth within the monetary union, and to convergence of real per capita income across member-countries.
JEL-codes: C22 E62 H50 (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0208
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