Maastricht Treaty

key terms

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asymmetric shocks

deficit bias

exchange rate

interest rate

monetary policy

monetary union

price level


Figure 1 - Inflation of the original EMU member states, 1971-2007
Figure 2 - Net lending to GDP ratio during Maastricht and SGP
Figure 3 - Debt to GDP Ratio 1991-2007
Figure 4 - Long-run interest rate - EMU members
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