Maastricht Criteria of...Divergence?

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, fulfillment by Eurozone members and risks for th...

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Bibliographic Details
Published in:Review of economic perspectives 2012-04, Vol.12 (2), p.92
Main Author: Paleta, Tomás
Format: Article
Language:cze ; eng
Subjects:
Economic statistics
Economic theory
Eurozone
Foreign exchange rates
GDP
Gross Domestic Product
Inflation
Monetary policy
Monetary unions
Political economy
Price levels
Studies
Treaties
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Summary: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, fulfillment 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. [PUBLICATION ABSTRACT]
ISSN:1213-2446
1804-1663
DOI:10.2478/v10135-012-0005-7