Hlivnjak, Sandra; Adnett, Nick - In: International Journal of Economic Policy in Emerging … 5 (2012) 1, pp. 82-103
The Maastricht criteria with their focus on nominal and macroeconomic convergence are important conditions that Western Balkan (WB) countries have to comply with. A significant threat to convergence of these countries is their large and persistent Current Account (CA) deficits. In this paper, an...