Maastricht Criteria, Monetary Union and Turkey Cover Image

Maastrichtkriterleri, parasal birlik ve Türkiye
Maastricht Criteria, Monetary Union and Turkey

Author(s): Onur Sezer, Mehmet Sadık Aydın, Hakan Kaya
Subject(s): Economy, Economic policy, Present Times (2010 - today), EU-Accession / EU-DEvelopment
Published by: Rating Academy
Keywords: Maastricht Criteria; Monetary Union; European Union;

Summary/Abstract: The Maastricht criteria's, which are considered to be European Union agreements and regulate the stages of economic and monetary union, the economic and monetary policies to be followed at these stages and the institutional changes needed to implement them, regulate the rules that member states are obliged to obey and that certain sanctions are imposed. The differences between the countries since its establishment that are structurally and economically diverged have always resulted in the questioning of the union. The most important countries in the union did not see the union as an institutional or financial cohesion, and therefore it led to the gradual dissolution of the union of other countries to overthrow the debt burden of some countries. The decision that the UK has taken to leave the union with a referendum held in 2016 supports this notion. It is expected that other union countries which are strong economically and politically in the long term will resort to such a way by taking this decision as an example. In this study, Maastricht criteria will be explained, the concept of monetary union and the suitability of countries including monetary union to Maastricht criteria will be questioned and considering the current situation of the union after the departure of the United Kingdom, the positive and negative aspects of Turkey's inclusion in the Union will be discussed.

  • Issue Year: 2/2017
  • Issue No: Special
  • Page Range: 381-393
  • Page Count: 13
  • Language: Turkish