Flaws in the European Monetary Union. Does the EMU Need a Solution?

Our study aims to reveal whether there are differences between the Eurozone and non-Eurozone countries in terms of their compliance with the variables established in the Maastricht criteria (inflation, public deficit, and public debt) to which we extend unemployment and the long term bond yields of...

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Veröffentlicht in:Revista de economía mundial 2020-01, Vol.55 (55)
Hauptverfasser: Stundžiené, Alina, Mihi Ramirez, Antonio, Navarro Pabsdorf, Margarita
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creator Stundžiené, Alina
Mihi Ramirez, Antonio
Navarro Pabsdorf, Margarita
description Our study aims to reveal whether there are differences between the Eurozone and non-Eurozone countries in terms of their compliance with the variables established in the Maastricht criteria (inflation, public deficit, and public debt) to which we extend unemployment and the long term bond yields of countries that joined the common currency and those that did not. The results show that, in general terms, the non-compliance has been most hurtful in the Eurozone countries, especially in terms of deficit and unemployment
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subjects Compliance
European Monetary Union
Eurozone
Inflation
Monetary unions
Money
Noncompliance
Unemployment
title Flaws in the European Monetary Union. Does the EMU Need a Solution?
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