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In the course of the EU enlargement process, the participation of accession countries in the European Monetary Union might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession countries will be winners from this redistribution, for...
Persistent link: https://www.econbiz.de/10011397787
We explore the role of the transfers that UK regions received from the European structural and cohesion funds, as well as other economic and social factors, in determining the support for the Remain vote in the Brexit referendum. We find that past European transfers have played virtually no role...
Persistent link: https://www.econbiz.de/10011544086
Persistent link: https://www.econbiz.de/10003364637
? Using more granular reform measures, longer time windows and a larger sample of countries than previous studies, we confirm … that the euro triggered product but neither labour nor financial market reforms. Differently from previous studies, we find … that: (a) the Single Market has similar effects to the euro, and (b) sectoral heterogeneity appears less important in …
Persistent link: https://www.econbiz.de/10012291887
Soon, euro area membership could more than double, with the vast majority of accession countries being quite different … political economy perspective, including a potential conflict with the established voting rights of current euro area member …
Persistent link: https://www.econbiz.de/10011511101
euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the …
Persistent link: https://www.econbiz.de/10012506932
The expansion of regionalism has spawned an extensive theoretical literature analysing the effects of Free Trade Agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (EU-15) and the Central and Eastern European countries...
Persistent link: https://www.econbiz.de/10003763931
currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by … put the trade effect of the euro in historical perspective. We argue that the creation of the EMU was a continuation (or … integration, the euro’s impact on trade disappears. Moreover, a significant part of the trend in European trade integration is …
Persistent link: https://www.econbiz.de/10002756253
, regions, or countries. The enlargement of the EU or the introduction of the euro, however, can be looked upon as integration … the introduction of the euro. …
Persistent link: https://www.econbiz.de/10009009598
this "political guide for economists" we look at the creation of the euro within the bigger picture of European integration … reaction towards an "ever-closer union". The euro with its current problems is a child of that strategy and its limits. …
Persistent link: https://www.econbiz.de/10009754523