Skip to main content

Regional Disparities and Regional Convergence Problems in the EMU: Introduction

  • Chapter
Regional Convergence in the European Union

Part of the book series: Advances in Spatial Science ((ADVSPATIAL))

Abstract

The Treaty of Rome signed in March 1957, which gave birth to the European Economic Community (EEC) and the European Atomic Energy Community created in January 1958, hardly made mention of regional problems or economic disparities at regional level. These were considered then to be an internal problem of each country, so that possible policies for correction lay in the hands of the respective governments, but always respecting the advance towards free competition. In spite of the fact that the preface of the Treaty of Rome makes explicit reference to the reinforcement of the unity of the economies of the signatory countries, “harmonious development must also be assured, reducing the differences between diverse regions and the backwardness of the least favoured”, this idea was not adopted as an objective by the EEC, nor was any instrument or mechanism established to make its achievement possible.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Alesina, A.F. et al. (2001): “Defining a macroeconomic framework for the euroarea”. Monthly European Central Bank, 3.

    Google Scholar 

  • Bayoumi, T. and Eichengreen, B. (1996): “Operationalizing the Theory of Optimum Currency Areas”, NEBR Discussion Paper, n. 1484.

    Google Scholar 

  • Castells. A. (1998): “Integració monetària i desequilibris territorials a la Unió Europea” Revista Economica, n.114, p. 19–45, Banca Catalana, Barcelona.

    Google Scholar 

  • Cohen, D. and Wyplosz, C. (1989): “The European Monetary Union: An agnostic evaluation; in R.Bryan et al., eds.: Macroeconomic policies in an interdependent world, International Monetary Fund, Washington.

    Google Scholar 

  • Commission of the European Communities (1973): Report on the regional problems of the enlarged Community (Thompson Report), CEC, Brussels.

    Google Scholar 

  • Commission of the European Communities (2001): European Unity, solidarity, diversity for Europe, its people and its territory. 2n d Report on Economic and Social Cohesion,Brussels and Luxemburg.

    Google Scholar 

  • Davezies, L., Nicot, B.H. and Prud’homme, R. (1996): “Inter-regional Transfers from Central Government Budgets”, in: Economic and Social Cohesion in the European Union: The Impact of Member States Own Policies (Final report for the European Commission, DG XVI), University of Strathclyde (Glasgow) — European Policies Research Center.

    Google Scholar 

  • De Grauwe, P. and Vanhaverbeke, W. (1993): “Is Europe an optimum currency area: evidence from regional data”, in P. Masson and M. Taylor (eds.): Policy issues in the operation of currency unions, CUP.

    Google Scholar 

  • De Grauwe, P. (2000): Economics of Monetary Union (4`h.ed.), Oxford Univ. Press, Oxford.

    Google Scholar 

  • Fatas, A. (1997): “EMU countries or regions? Lessons from the EMS experience”; European Economic Review, n.41.

    Google Scholar 

  • Kenen, P. (1969): “The Theory of Optimum Currency Areas: An Eclectic View”, in R. Mundell and A. Swoboda (eds.): Monetary Problems of the International Economy, Chicago University Press, Chicago.

    Google Scholar 

  • Kletzer, K. and Von Hagen, J (2000): “Monetary Union and Fiscal Federalism”. CEPR, DP 2615, London.

    Google Scholar 

  • McKinnon, R. (1963): “Optimum Currency Areas”, American Economic Review, vol. 53.

    Google Scholar 

  • Mundell, R.A. (1961): “A theory of optimum currency area”; American Economic Review.

    Google Scholar 

  • Salai Martin, X. y Sachs, J. (1992): “Federal fiscal policy and Optimum Currency Areas», in Canzoneri, Grilli y Masson (eds.): Establishing a Central Bank: Issues in Europe and Lessons from the US,Cambridge University Press.

    Google Scholar 

  • Sapir, A. and Buti, M. (2001): “EMU in the early years: Differences and credibility”, CEPR, D.P. 2832, London.

    Google Scholar 

  • Villaverde, J. (2000): “Emu and Regional Disparities in Spain”; paper presented at the 4` h European Congress of the ERSA, Barcelona, August (CD-rom).

    Google Scholar 

  • Von Hagen, J. (1999): “Union Economica y Monetaria: cuestiones y desafios de economia politica”, Moneda y Crédito, n° 288, p. 25–58.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2002 Springer-Verlag Berlin Heidelberg

About this chapter

Cite this chapter

Cuadrado-Roura, J.R., Parellada, M. (2002). Regional Disparities and Regional Convergence Problems in the EMU: Introduction. In: Cuadrado-Roura, J.R., Parellada, M. (eds) Regional Convergence in the European Union. Advances in Spatial Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-04788-0_1

Download citation

  • DOI: https://doi.org/10.1007/978-3-662-04788-0_1

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-07750-0

  • Online ISBN: 978-3-662-04788-0

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics