Ardy, Brian, Begg, Iain, Schelkle, Waltraud 
ORCID: 0000-0003-4127-107X and Torres, Francisco
(2002)
How will EMU affect cohesion?
Intereconomics, 37 (6).
pp. 300-314.
ISSN 0020-5346
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 |
| Divisions: | European Institute |
| Subjects: | H Social Sciences > HB Economic Theory |
| Date Deposited: | 28 Oct 2008 15:11 |
| Last Modified: | 03 Jan 2024 19:42 |
| URI: | http://eprints.lse.ac.uk/id/eprint/17868 |
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