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- W1521738923 abstract "Standard economic theory assumes money to be neutral, at least in the long run, driven by interregional arbitrage and perfect capital mobility. This may easily be used as a justification for regional economists to ignore monetary factors. However, in a world with market imperfections, such arguments are no longer valid. This paper provides a critical review of theoretical arguments and empirical evidence on the issue. Special attention is devoted to asymmetric information problems caused by geographical factors. We conclude that monetary policy and financial markets can have a potentially important role to play in promoting regional development especially in less-developed countries." @default.
- W1521738923 created "2016-06-24" @default.
- W1521738923 creator A5040244960 @default.
- W1521738923 creator A5049574597 @default.
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- W1521738923 date "2008-01-01" @default.
- W1521738923 modified "2023-09-26" @default.
- W1521738923 title "Regional development and monetary policy : a review of the role of monetary unions, capital mobility and locational effects" @default.
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