EMU and the Industrial Specialisation of European Regions

  • Christiane Krieger-Boden
Part of the Advances in Spatial Science book series (ADVSPATIAL)


The European Monetary Union (EMU) is a major institutional reform that substantially changes economic relations in the participating countries and their respective regions. EMU will deeply influence the division of labour and, hence, the spatial location of industries and the specialisation of regions. Regional specialisation, in turn, will affect the susceptibility of regions to asymmetric shocks, and the core-periphery divide of regional incomes, and will thus determine the impact of EMU on European regions. This raises the question whether all European regions will participate in the expected welfare benefits to a similar degree. Potentially, the integration process could also entail an increased instability of regional development and rising divergence of regional incomes such that there might be winners and losers of the integration process.


Monetary Policy Business Cycle European Region European Monetary Union Nominal Exchange Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer-Verlag Berlin Heidelberg 2002

Authors and Affiliations

  • Christiane Krieger-Boden
    • 1
  1. 1.Research Department III, Regional EconomicsKiel Institute of World EconomicsKielGermany

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