The degree of structural divergence in the Euro Area is examined on the basis of the frequency and distribution of observed asymmetric shocks over the period 1996-2015. An asymmetric shock is defined as an opposite sign difference between the deviation of an individual country's GDP growth rate...

The degree of structural divergence in the Euro Area is examined on the basis of the frequency and distribution of observed asymmetric shocks over the period 1996-2015. An asymmetric shock is defined as an opposite sign difference between the deviation of an individual country's GDP growth rate...

This paper discusses the coming enlargement of the European Union and the economic consequences for both the EU member states, the new EU members and the economies that will border the new enlarged EU.