Flaws in the European Monetary Union. Does the EMU Need a Solution?

Alina Stundžiené, Antonio Mihi Ramirez, Margarita Navarro Pabsdorf
2020 Revista de Economía Mundial  
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
more » ... ially in terms of deficit and unemployment.
doi:10.33776/rem.v0i55.3851 fatcat:jtemjqx4bfcvpocmtw7byey6pi