1999 | OriginalPaper | Buchkapitel
Specialisation in Europe and Asymmetric Shocks: Potential Risks of EMU
verfasst von : Raúl Ramos, Miquel Clar, Jordi Suriñach
Erschienen in: Spatial Dynamics of European Integration
Verlag: Springer Berlin Heidelberg
Enthalten in: Professional Book Archive
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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.