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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Detalhes bibliográficos
Autores: Stundžiené, Alina, Mihi Ramirez, Antonio, Navarro Pabsdorf, Margarita
Tipo de documento: artigo
Data de publicação:2020
País:España
Recursos:Universidad de Huelva (UHU)
Repositório:Arias Montano. Repositorio Institucional de la Universidad de Huelva
Idioma:inglês
OAI Identifier:oai:ariasmontano.uhu.es:10272/18606
Acesso em linha:http://hdl.handle.net/10272/18606
Access Level:Acceso aberto
Palavra-chave:Long term bond yields
European economic integration
Inflation
Treaty of Maastricht
Maastricht criteria
Unemployment
Rendimiento de los bonos a largo plazo
Desempleo
Integración económica europea
Inflación
Tratado de Maastricht
Criterios de Maastricht
Descrição
Resumo: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