The Regional Impact of the Single Currency

Martin Hallet

Chapter 5 in Spatial Dynamics of European Integration, 1999, pp 94-109 from Springer

Abstract: Abstract At the beginning of May, 1998, the Council decided that 11 member states of the European Union (EU) would participate in the single currency as of 1 January 1999. Among the participants are countries economically as different as Germany and Portugal, including poorer regions — in terms of GDP per capita relative to the EU15 average — such as Mecklenburg-Vorpommern and Açores, as well as richer regions, such as Hamburg and Lisbon. This gives rise to the question of whether the impact of the euro will vary between regions of different countries, i.e. between German and Portuguese regions, or rather between types of regions, i.e. between richer regions and poorer regions. This is not a purely academic question because, depending on the answer, it could have important policy implications for the design of regional policy at national and EU level.

Keywords: European Union; Euro Area; Trade Cost; Labour Mobility; Nominal Exchange Rate (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1007/978-3-642-60180-4_5

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