History suggests that once alliances have successfully accomplished their objectives, they quickly come to an end. The peaceful dissolution of the Soviet Union, however, did not lead in parallel fashion to the rapid demise of the anti-Soviet transatlantic alliance. The subject of this paper is...

This paper investigates the transition of the EU candidate countries with a currency board arrangement (CBA) to the euro-zone. The arguments for and against retaining a CBA while participating in the Exchange Rate Mechanism of the EU (ERMII) are discussed. Then, we show in the framework of a...

This paper argues that the Balassa-Samuelson effect is not of importance for the inflation target of the ECB. First, econometric tests of the Balassa-Samuelson effect suggest that its econometric significance is weak at best. Second, countries in the process of catching up require a real...

In this paper we discuss selected aspects of Poland's road to the euro zone. Our attention focuses on the proper design of macroeconomic policy during the accession period. We address the issue of entering ERM II, with special attention to the choice of central parity, fluctuation bands,...

This paper documents and tries to explain the rise of anti-European and Eurosceptical sentiment in the United States since the end of the Cold War. Contrary to anti-Europeanism, which has always permeated American culture and underpinned American exceptionalism, Euroscepticism is more confined...

The EU's development strategy towards its Southern near abroad resembles the development economic Leitmotiv of the early Nineties, i.e. the Washington Consensus with its three pillars of macro-economic stabilisation, structural adjustment and liberalisation. Beyond that, however, it rests on the...

The line taken by Germany in opposition to the United States over the Iraq war, which helped contribute to a crisis in the transatlantic relationship, has created many questions regarding Germany's new foreign policy and the current German-American relationship. German-American relations are...

In the wake of the Iraq war, there has been a tendency by both the Americans and the Europeans to overlook the difficulties facing the transatlantic relationship that resulted from the Iraq crisis. This approach to dealing with some of the basic issues that emerged during this time is not a...

This paper examines the progress of, and conditions for, Europeanisation in one of the EU's new neighbours to the East. Since the late 1990s under Leonid Kuchma's presidency, Ukraine regularly expressed its willingness to participate in European integration via membership of the European Union....