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How will EMU affect cohesion?

Ardy, Brian, Begg, Iain, Schelkle, Waltraud and Torres, Francisco (2002) How will EMU affect cohesion? Intereconomics, 37 (6). pp. 300-314. ISSN 0020-5346

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Abstract

The new policy environment of EMU affects economic, political and social cohesion in different ways: the policy mix and menu will be reconfigured; it will provide for more macroeconomic stability in cohesion countries; economic competition will intensify and change patterns of specialisation; and comparison of living standards will become easier, which puts pressure on policymakers to reduce inequalities. This article assesses the significance of these effects and their likely consequences in the short, medium and long run. Then the salient cohesion issues as regards eastern enlargement are discussed. Finally, policy conclusions are drawn, mindful of the considerable uncertainties that warrant further research.

Item Type: Article
Official URL: http://www.springerlink.com/content/113472/
Additional Information: © 2002 Springer and HWWA
Library of Congress subject classification: H Social Sciences > HB Economic Theory
Sets: Departments > European Institute
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 28 Oct 2008 15:11
URL: http://eprints.lse.ac.uk/17868/

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