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Specialisation in Europe and Asymmetric Shocks: Potential Risks of EMU

In: Spatial Dynamics of European Integration

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  • Raúl Ramos
  • Miquel Clar
  • Jordi Suriñach

Abstract

In recent years, various studies have focused on the effects of European Integration and Monetary Unification, especially the convergence-divergence debate. The creation of the Euro Zone (eleven countries with three hundred million inhabitants and approximately a fifth of the world’s GDP and trade) establishes a new economic framework of price stability and growth, but its probable repercussion on convergence is as yet unclear.

Suggested Citation

  • Raúl Ramos & Miquel Clar & Jordi Suriñach, 1999. "Specialisation in Europe and Asymmetric Shocks: Potential Risks of EMU," Advances in Spatial Science, in: Manfred M. Fischer & Peter Nijkamp (ed.), Spatial Dynamics of European Integration, chapter 4, pages 63-93, Springer.
    • Handle: RePEc:spr:adspcp:978-3-642-60180-4_4
    DOI: 10.1007/978-3-642-60180-4_4
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    Cited by:

    1. Joan Costa-i-Font & Ramon Tremosa-i-Balcells, "undated". "Spanish Regions and the Macroeconomic Benefits of European Monetary Union (EMU)," Studies on the Spanish Economy 89, FEDEA.
    2. Carlos Rodriguez-Fuentes & Sheila Dow, 2003. "EMU and the Regional Impact of Monetary Policy," Regional Studies, Taylor & Francis Journals, vol. 37(9), pages 969-980.
    3. Raul Ramos & Miquel Clar & Jordi Surinach, 2003. "A dynamic analysis of asymmetric shocks in EU manufacturing," Applied Economics, Taylor & Francis Journals, vol. 35(8), pages 881-892.
    4. Ramos, Raul & Clar, Miquel & Surinach, Jordi, 1999. "EMU: some unanswered questions," ERSA conference papers ersa99pa220, European Regional Science Association.
    5. Juan Luís Ollero & Raul Ramos & Jordi Suriñach-Caralt, 2001. "Macroeconomic implications of EMU at the regional level," ERSA conference papers ersa01p146, European Regional Science Association.

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    More about this item

    Keywords

    Demand Shock; Supply Shock; Euro Zone; Optimum Currency Area; Asymmetric Shock;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

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