Budd, Leslie
(2001).
The possible role of financial markets and instruments as mechanisms of regional distribution in central and eastern European countries.
In: Regional Studies Association International Conference: Regional Transitions - European Regions and the Challenges of Development, Integration and Enlargement, 15-18 September 2001, Gdansk, Poland.
Abstract
This paper examines the impact of the euro, as a reference currency on the economies of the CEECs. It builds on previous work that showed that in the absence of a regional insurance system, Euroland could not be considered to be an optimal currency area. It investigates the way in which the development of financial markets and instruments in the CEECs, post-liberalism has been both a strategy of modernisation and accumulation through the sphere of circulation.
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