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.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
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.
Bayoumi, T. and Eichengreen, B. (1996): “Operationalizing the Theory of Optimum Currency Areas”, NEBR Discussion Paper, n. 1484.
Castells. A. (1998): “Integració monetària i desequilibris territorials a la Unió Europea” Revista Economica, n.114, p. 19–45, Banca Catalana, Barcelona.
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.
Commission of the European Communities (1973): Report on the regional problems of the enlarged Community (Thompson Report), CEC, Brussels.
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.
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.
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.
De Grauwe, P. (2000): Economics of Monetary Union (4`h.ed.), Oxford Univ. Press, Oxford.
Fatas, A. (1997): “EMU countries or regions? Lessons from the EMS experience”; European Economic Review, n.41.
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.
Kletzer, K. and Von Hagen, J (2000): “Monetary Union and Fiscal Federalism”. CEPR, DP 2615, London.
McKinnon, R. (1963): “Optimum Currency Areas”, American Economic Review, vol. 53.
Mundell, R.A. (1961): “A theory of optimum currency area”; American Economic Review.
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.
Sapir, A. and Buti, M. (2001): “EMU in the early years: Differences and credibility”, CEPR, D.P. 2832, London.
Villaverde, J. (2000): “Emu and Regional Disparities in Spain”; paper presented at the 4` h European Congress of the ERSA, Barcelona, August (CD-rom).
Von Hagen, J. (1999): “Union Economica y Monetaria: cuestiones y desafios de economia politica”, Moneda y Crédito, n° 288, p. 25–58.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights 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