Las carencias de la Unión Monetaria Europea. ¿necesita la UEM una solución?

Abstract

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.

Keywords

• European economic integration
• inflation
• Treaty of Maastricht
• Maastricht criteria
• unemployment
• long term bond yields.