D'Acunto, Salvatore; Murolo, Antonio - In: Economia Internazionale / International Economics 51 (1998) 1, pp. 15-46
In this paper, the theoretical underpinnings of the Maastricht “entry conditions” in the European Monetary Union are discussed. The issue is analyzed in the light of two different theoretical approaches. In the optimal currency areas approach, the convergence criteria are explained as tools...