Is Maastricht a Good Contract?
将马斯特里赫特条约解读为一种合同机制，通过提供趋同激励、协调国家利益并获取候选国稳定性文化信息，来组织向欧洲货币联盟的艰难过渡。
The Maastricht Treaty calls for the creation of European Monetary Union (EMU) by 1999 but makes accession of individual countries conditional on the fulfilment of specific convergence criteria. The Maastricht transaction trades the replacement of the Bundesbank by a European Central Bank at the centre of European monetary affairs as a reward for prior convergence. This article interprets the Maastricht Treaty provisions as a contract device that organizes a difficult transition to EMU by providing convergence incentives, co‐ordinating conflicting national interests and extracting information about candidate countries’‘stability culture’.