evolution of the joint stance of monetary and fiscal policies in the euro area (EA) and in its three largest member countries …

economies in Europe can be attributed to higher underlying growth and younger populations. Fourth, fiscal multipliers were …

This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging … economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years … but remains significant, especially in Eastern Europe. In the emerging European economies, the key determinants of shadow …

. The topic gathered much attention following the great financial crisis and the Euro Area debt crisis due to the … European countries (including several members of the Euro Area), this paper provides estimates of country-specific natural …

There are 13 countries in Central, Eastern and Southeastern Europe (CESEE) with floating exchange rate regimes, de jure … of them have been tracking either the euro or the US dollar in recent years. Eight countries, all of them current or … aspiring EU members, track the euro. Of the five countries keying on the US dollar in various degrees, all but one belong to …

financialstability risk due to euroization contribute to deeuroization inasmuch as they makebanking intermediation in euro less …

European Union (EU). Largely sourced from advanced Europe, FDI inflows were motivated by the intention to pursue new markets …

The paper examines the extent to which current account imbalances of euro area countries are related to intra-euro area …-à-vis the rest of the world –in particular vis-à-vis China, Central and Eastern Europe, and oil exporters- on the external … balance of euro area debtor countries. While current account imbalances of euro area deficit countries vis-à-vis the rest of …