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The ERM and the Maastricht Criteria: Spain

In: Economic Convergence in a Multispeed Europe

Author

Listed:
  • K. B. Gaynor

    (Imperial College University of London)

  • E. Karakitsos

    (Imperial College University of London)

Abstract

If the accession of current or new EU members to the ERM is seen as widening, then Chapter 5 deals with an issue in deepening. It considers the transition of a median country to the core group, and thus MU selection, via ERM membership. In order to qualify for MU a country must satisfy the constraints laid out in the Maastricht Treaty, as discussed in Chapter 1. For the current EU member states this requires varying amounts of nominal convergence coupled with fiscal consolidation, as shown in Chapter 2.

Suggested Citation

  • K. B. Gaynor & E. Karakitsos, 1997. "The ERM and the Maastricht Criteria: Spain," Palgrave Macmillan Books, in: Economic Convergence in a Multispeed Europe, chapter 5, pages 87-132, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25266-4_6
    DOI: 10.1007/978-1-349-25266-4_6
    as

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