General budgetary coordination in a common currency area : theoretical critique and practical lessons for Europe from Australia

Spender, Duncan P. J. (1997). General budgetary coordination in a common currency area : theoretical critique and practical lessons for Europe from Australia Honours Thesis, School of Economics, The University of Queensland.

       
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Author Spender, Duncan P. J.
Thesis Title General budgetary coordination in a common currency area : theoretical critique and practical lessons for Europe from Australia
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1997
Thesis type Honours Thesis
Total pages 80
Language eng
Subjects 14 Economics
Formatted abstract
The European Union is proposing, as a corollary to the adoption of a common currency, that member nations shall agree not to implement 'excessive' budget deficits. This thesis challenges the wisdom of this proposed form of general budgetary coordination.

There is considerable doubt as to whether the general budgetary externalities that provide the reason for the proposed coordination will in fact be of significant force in the European Union. Even if these externalities were significant, this need not justify intervention by way of general budgetary coordination. There are many theoretical and practical problems with general budgetary coordination, and the form of coordination currently under consideration is particularly open to criticism. This thesis aims to provide the thorough consideration of these issue~ that is absent from the literature.


Document type: Thesis
Collection: UQ Theses (non-RHD) - UQ staff and students only
 
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Created: Thu, 25 Nov 2010, 13:51:44 EST by Ning Jing on behalf of The University of Queensland Library