The ERM and the Maastricht Criteria: Spain

K. B. Gaynor and E. Karakitsos
Additional contact information
K. B. Gaynor: Imperial College University of London
E. Karakitsos: Imperial College University of London

Chapter 5 in Economic Convergence in a Multispeed Europe, 1997, pp 87-132 from Palgrave Macmillan

Abstract: Abstract If the accession of current or new EU members to the ERM is seen as widening, then Chapter 5 deals with an issue in deepening. It considers the transition of a median country to the core group, and thus MU selection, via ERM membership. In order to qualify for MU a country must satisfy the constraints laid out in the Maastricht Treaty, as discussed in Chapter 1. For the current EU member states this requires varying amounts of nominal convergence coupled with fiscal consolidation, as shown in Chapter 2.

Keywords: Exchange Rate; Interest Rate; Monetary Policy; Debt Ratio; Inflation Target (search for similar items in EconPapers)
Date: 1997
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25266-4_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349252664

DOI: 10.1007/978-1-349-25266-4_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().