Maastricht Criteria of…Divergence?

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Authors	PALETA Tomáš
Year of publication	2012
Type	Article in Periodical
Magazine / Source	Národohospodářský obzor – Review of Economic Perspectives
MU Faculty or unit	Faculty of Economics and Administration
Citation
Web	Maastricht criteria of...divergence?
Field	Economy
Keywords	monetary policy; Maastricht criteria; Eurozone; euro
Attached files	2012_2_2_Paleta.pdf
Description	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.
Related projects:	Research Centre for the Competitiveness of the Czech Economy