EconStor >
Akademie für Raumforschung und Landesplanung (ARL) - Leibniz-Forum für Raumwissenschaften >
Studies in Spatial Development, ARL: Aufsätze >

Please use this identifier to cite or link to this item:
Title:Europe's regions within the currency Union: Risks and opportunities PDF Logo
Authors:Robins, Ian
Issue Date:2004
Citation:[Title:] Spatial implications of the European Monetary Union [ISBN:] 3-88838-232-7 [Series:] Studies in Spatial Development [No.:] 6 [Publisher:] Akademie für Raumforschung und Landesplanung [Place:] Hannover [Year:] 2004 [Pages:] 15-26
Abstract:In this paper the differences that the single currency might make to the regions of countries within the euro-zone are considered. It is still too early for much evidence to be available about the effects of EMU. Therefore the discussion is concerned mainly with what theoretical considerations would lead us to expect. Some empirical observations illustrate the expectations. Chief drawbacks of the euro are seen in the possible inappropriateness of interest rates, the absence of fiscal and related adjustment measures, the relative immobility of labour and the restrictions on national governments with relation to regional policies. Principal advantages lie in the stimulus that the drawbacks give to rethinking regional policy and fostering patterns of industrial diversity in which more flexible labour markets are encouraged.
Document Type:Book Part
Appears in Collections:Studies in Spatial Development, ARL: Aufsätze
Publikationen von Forscherinnen und Forschern der ARL

Files in This Item:
File Description SizeFormat
719004195.pdf199.69 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.