How might this affect gains for joining a currency union

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Reference no: EM131480167

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?

Reference no: EM131480167

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