Home  Journals  Finance and Credit  26(410) - 2010 July

Currency union: development of the optimum «criteria of convergence»

Available online: 16 July 2010

Subject Heading: CURRENCY UNION

JEL Classification: 

«The convergence criteria» of Maastricht Treaty were intended to provide a high degree of convergence of future currency union participants. Stable exchange rates, low rates of inflation, broadly aligned interest rates, moderate fiscal deficits, and sustainable levels of public debt were enshrined as prerequisites to joining the currency union. Under the hypothesis of further course on monetary integration the GCC and the EurAsEC in this paper we conduct a comparative analysis of the criteria of all three integration blocs in order to determine their validity and relevance.

Keywords: currency integration, currency union, GCC, EurAsEC, Maastricht Treaty, Eurozone, convergence criteria

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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