| Author: | Grauwe, P. De |
| Title: | The economics of convergence: towards monetary union in Europe |
| Journal: | Weltwirtschaftliches Archiv
1996 : VOL. 132:1, p. 1-27 |
| Index terms: | EUROPE MONETARISM ECONOMIC CONVERGENCE |
| Language: | eng |
| Abstract: | The Maastricht Treaty strategy for moving towards monetary union in Europe is based on two principles. first, the transition towards monetary union in Europe is seen as a gradual one, extending over a period of many years. Second, the entry into the union is made conditional on satisfying convergence criteria. In this paper, the author concentrates his attention on these convergence criteria enshrined in the Maastricht Treaty. The most characteristic feature of the Maastricht strategy is the stringency of the convergence requirements. |
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