Budd, Leslie
(1997).
Regional integration and convergence and the problems of fiscal and monetary systems: some speculative lessons for Eastern Europe.
Regional Studies, 31(6),
pp. 559–570.
Abstract
The Single European Market (SEM) and the possibility of Economic and Monetary Union (EMU) present the constituent regions of Europe with a powerful challenge. What this paper argues is that activating the liberal assumptions of the SEM and the fiscal criteria of the Maastricht Treaty will not reduce regional inequality. In the absence of fiscal activism at a regional level, reliance on market forces will only exacerbate the existing core–periphery structure of Europe's regions. The paper attempts to extend its analysis of regional fiscal developments in Western Europe by suggesting some speculative lessons for the Eastern European economies.
| Item Type: |
Journal Article
|
| ISSN: |
1360-0591 |
| Keywords: |
Regional; Convergence; Maastricht; Treaty; Lessons; For; Eastern; Europe |
| Academic Unit/Department: |
Open University Business School |
| Item ID: |
15015 |
| Depositing User: |
Lesley Henderson
|
| Date Deposited: |
01 Apr 2009 14:42 |
| Last Modified: |
02 Dec 2010 20:23 |
| URI: |
http://oro.open.ac.uk/id/eprint/15015 |
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