|
| << vorige | volgende >> |
Tijdschrift beschrijving
Alle jaargangen van het bijbehorende tijdschrift
Alle afleveringen van het bijbehorende jaargang
Alle artikelen van de bijbehorende aflevering
Details van artikel 2 van 5 gevonden artikelen
| Titel: |
Convergence criteria and EMU membership: Theory and evidence |
| Auteur: |
Baimbridge, Mark Burkitt, Brian Whyman, Philip |
| Verschenen in: |
Journal of european integration |
| Paginering: | Jaargang 21 (1999) nr. 4 pagina's 281-305 |
| Jaar: |
1999 |
| Inhoud: |
This article evaluates proposed alternative criteria to determine the suitability for membership of the European single currency. They comprise the Maastricht Treaty convergence targets, the UK Treasury tests and those advanced by contemporary economic theory. Each set of criteria is analysed to reveal its ability to indicate a country's suitability to participate in the common currency together with the probability of these targets being attained. The UK Treasury tests are found to be a superior series of indicators to those stipulated in the Maastricht Treaty, but they remain insufficient without complementary criteria derived from 'optimum currency area' theory. Moreover, the available evidence suggests only sporadic conformity with the Maastricht criteria, with a minority of member states consistently demonstrating prior economic convergence. UK Treasury tests indicate that Britain remains unsynchronized with continental Europe, necessitating long-term structural convergence prior to EMU membership to avoid potentially disadvantageous economic consequences. |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 2 van 5 gevonden artikelen
| << vorige | volgende >> |