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Regional integration and convergence and the problems of fiscal and monetary systems: some speculative lessons for Eastern Europe

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.

DOI (Digital Object Identifier) Link: http://dx.doi.org/10.1080/00343409750131695
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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
Interdisciplinary Research Centre: Innovation, Knowledge & Development research centre (IKD)
Item ID: 15015
Depositing User: Users 2400 not found.
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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