Trade liberalization is often considered a sufficient prerequisite for inducing desirable structural adjustment. Entry of transition economies (TEs) into the European Union (EU) should induce structural adjustments at the firm level to move trade and production profiles closer to the EU's...

In the new member states of the EU which have not yet adopted the euro, previous adoption strategies have come under scrutiny. The spillovers and contagion from the global financial crisis revealed a new threat to the countries’ real convergence goal, namely considerable vulnerability to the...

In the new member states of the EU which have not yet adopted the euro, previous adoption strategies have come under scrutiny. The spillovers and contagion from the global financial crisis revealed a new threat to the countries’ real convergence goal, namely considerable vulnerability to the...