The Need for Convergence

Malcolm Crawford

Chapter 13 in One Money for Europe?, 1996, pp 203-223 from Palgrave Macmillan

Abstract: Abstract The Treaty of Maastricht prescribes a number of criteria to measure the extent to which each country becomes eligible to join EMU. These are called convergence criteria since they reflect the extent to which certain aspects of economic behaviour are sufficiently similar across countries to enable those countries to participate in a monetary union, without rendering it unstable.

Keywords: Interest Rate; Real Exchange Rate; Monetary Union; Debt Ratio; European Monetary (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1007/978-1-349-25035-6_13

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