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The Regional Impact of the Single Currency

In: Spatial Dynamics of European Integration

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  • Martin Hallet

Abstract

At the beginning of May, 1998, the Council decided that 11 member states of the European Union (EU) would participate in the single currency as of 1 January 1999. Among the participants are countries economically as different as Germany and Portugal, including poorer regions — in terms of GDP per capita relative to the EU15 average — such as Mecklenburg-Vorpommern and Açores, as well as richer regions, such as Hamburg and Lisbon. This gives rise to the question of whether the impact of the euro will vary between regions of different countries, i.e. between German and Portuguese regions, or rather between types of regions, i.e. between richer regions and poorer regions. This is not a purely academic question because, depending on the answer, it could have important policy implications for the design of regional policy at national and EU level.

Suggested Citation

  • Martin Hallet, 1999. "The Regional Impact of the Single Currency," Advances in Spatial Science, in: Manfred M. Fischer & Peter Nijkamp (ed.), Spatial Dynamics of European Integration, chapter 5, pages 94-109, Springer.
    • Handle: RePEc:spr:adspcp:978-3-642-60180-4_5
    DOI: 10.1007/978-3-642-60180-4_5
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    Cited by:

    1. Hallet, Martin, 2004. "Regional integration effects of the euro: What is the empirical evidence after the first years?," Studies in Spatial Development: Chapters, in: Akademie für Raumforschung und Landesplanung, Hannover (ed.), Spatial implications of the European Monetary Union, volume 6, pages 45-62, ARL – Akademie für Raumentwicklung in der Leibniz-Gemeinschaft.
    2. Harald Badinger & Gabriele Tondl, 2003. "Trade, Human Capital and Innovation: The Engines of European Regional Growth in the 1990s," Advances in Spatial Science, in: Bernard Fingleton (ed.), European Regional Growth, chapter 7, pages 215-239, Springer.
    3. Akademie für Raumforschung und Landesplanung, Hannover (ed.), 2004. "Spatial implications of the European Monetary Union," Studies in Spatial Development, ARL – Akademie für Raumentwicklung in der Leibniz-Gemeinschaft, volume 6, number 6, July.
    4. Bröcker, Johannes, 2004. "Regional welfare effects of the European Monetary Union," Studies in Spatial Development: Chapters, in: Akademie für Raumforschung und Landesplanung, Hannover (ed.), Spatial implications of the European Monetary Union, volume 6, pages 27-43, ARL – Akademie für Raumentwicklung in der Leibniz-Gemeinschaft.

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