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What is Maastricht Treaty

Chapter 1
Handbook of Research on Social and Economic Development in the European Union
The official Treaty of the European Union, signed on 7 February 1992 by the members of the European Communities in Maastricht, Netherlands, to further European integration.
Published in Chapter:
Are IMF Stabilization Programs in the European Union Disastrous?: From the Maastricht Treaty up to Recent Bailouts
Pantelis C. Kostis (National and Kapodistrian University of Athens, Greece)
Copyright: © 2020 |Pages: 21
DOI: 10.4018/978-1-7998-1188-6.ch001
Abstract
This chapter examines the effectiveness of Stabilizing Programs in the European Union for the time period from the Maastricht Treaty in 1993 to 2013 (the recent bailouts of Greece, Ireland, and Portugal). A binary logistic model is used which specifies binomial as the distribution and logit as the link function, using an unbalanced panel of annual data. Two main conclusions emerge: a) the probabilities of an economic recession, a high debt to GDP ratio, and a high current account deficit to GDP ratio, are greater when a Stabilization Program is adopted than without one, and b) a Stabilization Program has a negative short-run effect on the GDP growth rate, as well as negative long-run effects (8 years after the adoption) on the debt to GDP ratio and the current account deficit to GDP ratio.
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Chapter 10
An Investigation of the Maastricht Fiscal Criteria and the European Union's Harmonization
This treaty, which holds the qualification that is a kind of EU Constitution and establishes the European Union which is called current name, has many provisions ranging from financial-economic and monetary union, EU citizenship, foreign policy, justice mechanism and common security
Published in Chapter: An Investigation of the Maastricht Fiscal Criteria and the European Union's Harmonization; From: Global Challenges in Public Finance and International Relations
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