Maastricht Criteria of…Divergence?

• Authors: Tomáš Paleta
• Languages of publication: EN

Abstracts

EN

This article focuses on problematic issues of the Maastricht criteria. The possible effect of attempt to meets the criteria is confronted with its intended purpose. Each criterion is analysed generally by pointing out problematic issues, subsequently, fulfilment by Eurozone members and risks for the Czech Republic, too, are shortly analysed. It is shown that in many cases fulfilling criteria can lead to a different development than was initially intended. The analysis reveals that attempts to meet the criteria can lead to divergence from Eurozone, can cause several economic problems and can bring pain with no gain.

Keywords

EN

Maastricht criteria; euro; Eurozone; monetary policy

• Publisher: Sciendo
• Journal: Review of Economic Perspectives
• Year: 2012
• Volume: 12
• Issue: 2
• Pages: 92-119

Dates

published

2012-01-01

online

2012-07-05

Contributors

author

Tomáš Paleta

• Faculty of Economics and Administration, Masaryk university, Lipová 41a, Brno

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Identifiers

DOI

10.2478/v10135-012-0005-7