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Once part of the European Union no "opt-out" means, for CEE applicant countries, that they will have to become members of the Eurozone as soon as they fulfil the Maastricht criteria. However, compliance with the Stability and Growth Pact and aiming at nominal and real convergence imply efforts...
Persistent link: https://www.econbiz.de/10001838265
Capital markets have undergone massive changes in the past decade; in Western Europe but of course more fundamentally in the Central and Eastern European Countries (CEEC). The euro has fostered the transformation of financial systems toward a more market based approach. Its impact in Eastern Europe...
Persistent link: https://www.econbiz.de/10001838266
Countries (CEEC) into the European Union (EU) is accompanied by an extension of the eurozone to this region. This paper surveys … likely outcomes and challenges of this specific feature of EU enlargement. Moreover, the article represents the start of an …. Our main position is that the euro has in general beneficiary effects for the CEEC and the current EU in all examined …
Persistent link: https://www.econbiz.de/10001790931
This paper has been prepared as a part of a broader Ezoneplus project that evaluates European Monetary Union (EMU) and its enlargement to prospective members in central and eastern Europe. The project is financially supported by European Commission (HPSE-CT-2001-00084). It contains the following...
Persistent link: https://www.econbiz.de/10002187556
This paper analyses the economic effects of the eastern enlargement of the EU both on the existing Member States and …, induced by institutional changes, are analyzed. The analysis is based on six different scenarios. According to the results EU …
Persistent link: https://www.econbiz.de/10002187792
Exchange-rate policies of Central Eastern European Countries (CEEC) have often been a subject matter. Yet, some new insights in terms of political economy considerations upon exchange-rate policy are provided. It is pointed out that it is more appropriate to analyse exchange-rate policy in...
Persistent link: https://www.econbiz.de/10002188157
1990 2001 giving emphasis on the problems of labour market flexibility and migration in the EU eastward enlargement context … migration and on labour migration experience during the previous stages of EU enlargement. In conclusion labour market … states the flexibility has declined in the course of transition. The weakness of the trade unions compared to EU has …
Persistent link: https://www.econbiz.de/10002189056
the EU side. In such circumstances it is difficult for the accession countries to devise clear and consistent strategies …
Persistent link: https://www.econbiz.de/10002189173
specialization in foreign trade with each other and the EU/15. …
Persistent link: https://www.econbiz.de/10002189247
The objective of this study is to examine recent developments in trade and FDI flows between the EU and the CEEC … trade. The Eastern enlargement represents both an opportunity and a risk for the EU members as well as for the CEEC. As a … centrally planned to market economies coexists with the plans for future integration in the EU. Both processes prompt internal …
Persistent link: https://www.econbiz.de/10002190198