The Maastricht Treaty places strict requirements on government budgets and national debt. Why do you think the

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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 or losses for joining a currency union?
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International Economics

ISBN: 978-1429278447

3rd edition

Authors: Robert C. Feenstra, Alan M. Taylor

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