Specialisation in Europe and Asymmetric Shocks: Potential Risks of EMU

Raul Ramos, Miquel Clar and Jordi Suriñach

Chapter 4 in Spatial Dynamics of European Integration, 1999, pp 63-93 from Springer

Abstract: Abstract In recent years, various studies have focused on the effects of European Integration and Monetary Unification, especially the convergence-divergence debate. The creation of the Euro Zone (eleven countries with three hundred million inhabitants and approximately a fifth of the world’s GDP and trade) establishes a new economic framework of price stability and growth, but its probable repercussion on convergence is as yet unclear.

Keywords: Demand Shock; Supply Shock; Euro Zone; Optimum Currency Area; Asymmetric Shock (search for similar items in EconPapers)
Date: 1999
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Related works:
Working Paper: Spacialisation in Europe and asymmetric shocks: potential risks of EMU (1999)
Working Paper: Specialization in Europe and asymmetric shocks: Potential risks of EMU (1998)
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DOI: 10.1007/978-3-642-60180-4_4

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