An Optimum Currency Area (OCA) is characterized by a group of countries for which forgoing the exchange rate mechanism, as an instrument of correcting asymmetric shocks, is compensated by other economic policy instruments. In this paper, we address the issue whether the CEEC are a part of a...

The integration of European services markets and the implementation of associated European Union directives open up formerly closed national markets to competition from the Single Market. The purpose of this study is to measure the effects of liberalization on technical efficiency and the...

The integration of European services markets and the associated deregulation measures open up formerly segmented markets to competition from the Single Market. The purpose of this study is to propose a method of measuring the effects of liberalization on technical efficiency, the existence of...