Question the maastricht treaty places strict requirements, Ask an Expert

Economics

Question: The Maastricht Treaty places strict requirements on government budgets and national debt. Why do you think the Maastricht Treaty called for fiscal discipline? If it is the central bank that is responsible for maintaining the fixed exchange rate, then why does fiscal discipline matter? How might this affect the gains/ losses for joining a currency union?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92288904

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