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2006 | 54 | 3 | 207-222
Article title

CRITERIA FOR MONETARY INTEGRATION - OPTIMUM CURRENCY AREA VERSUS MAASTRICHT CRITERIA

Title variants
Languages of publication
SK
Abstracts
EN
The process of monetary integration in general is followed by a set of rules. The well known Optimum Currency Area (OCA) criteria are basically structural while official, so called Maastricht criteria for joining Economic and Monetary Union (EMU) are nominal. Many economists agree that nominal convergence itself is not sufficient for monetary union to function successfully and that also a certain level of structural convergence between the member states has to be achieved. In addition, in time of approaching eurozone enlargement the adequacy of Maastricht criteria is questionable. Whereas their modification seems to be politically unfeasible their flexible interpretation taking into account individual needs of the new member states would be desirable.
Contributors
  • I. Sikulova, Ekonomický ústav SAV, Sancová 56, 811 05 Bratislava 1, Slovak Republic
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
06SKAAAA01543390
YADDA identifier
bwmeta1.element.5341bc83-2472-3dac-b6fc-745717e2dfaa
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