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The Economics of Convergence: Towards Monetary Union in Europe

In this paper, the literature on monetary integration has been surveyed in order to discover the economic rationale of the Maastricht convergence requirements. The traditional theory of optimum currency areas is silent on the need for Maastricht-type convergence requirements. Similarly, the "new"... Full description

1st Person: de Grauwe, Paul
Source: in Weltwirtschaftliches Archiv Vol. 132, No. 1 (1996), p. 1-27
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Type of Publication: Article
Language: English
Published: 1996
Keywords: F33
Online: Volltext
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