KRITÉRIÁ MENOVEJ INTEGRÁCIE - OPTIMÁLNA MENOVÁ OBLASŤ VERZUS MAASTRICHTSKÉ KRITÉRIÁ

• Authors: Šikulová Ivana , Vašková Vanda

Title variants

EN

Criteria for monetary integration - optimum currency area versus Maastricht criteria

• 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.

Keywords

EN

CONVERGENCE; ECONOMIC AND MONETARY UNION (EMU); MAASTRICHT CRITERIA; OPTIMUM CURRENCY AREA (OCA)

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2006
• Volume: 54
• Issue: 3
• Pages: 207-222
• Document type: ARTICLE

Contributors

author

Šikulová Ivana

author

Vašková Vanda

• I. Sikulova, Ekonomický ústav SAV, Sancová 56, 811 05 Bratislava 1, Slovak Republic

Identifiers

CEJSH db identifier

06SKAAAA01543390