How are convergence criteria related to potential benefits


Problem

Compare the Maastricht Treaty convergence criteria with the OCA criteria. How are these convergence criteria related to the potential benefits and costs associated with joining a currency union? If you were a policy maker in a country seeking to join the EMU, which criterion would you eliminate and why?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: How are convergence criteria related to potential benefits
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