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...

The Single Market Project of the European Commission was supposed to change the financial service industry markedly. We provide a first attempt to assess its consequences on the insurance industry in Germany, the largest insurance market within the European Union. For this purpose we apply a...

The paper classifies small open economies in Europe into three categories. First, countries moving primarily in line with international fluctuations. Second, countries responding mainly to shocks at the EU level, and third, countries where fluctuations can be attributed essentially to domestic...

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...

The Single Market Project of the European Commission was supposed to change the financial service industry markedly. We provide a first attempt to assess its consequences on the insurance industry in Germany, the largest insurance market within the European Union. For this purpose we apply a...

Post-war European integration is a succession of regime changes: customs union in the 1960s, Single Market and EMU in the 1990s and EU enlargement in the 2000s. Since 1995 Austria as an EU member takes part in the deepening of EU integration (Single Market, EMU and Monetary Union) and...

The global financial and economic crisis in 2008-09 followed by a "Euro crisis" – not a crisis of the Euro but a sovereign debt (and/or banking) crisis in some Euro countries – forced to reforms of the asymmetric policy design of the Economic and Monetary Union (EMU). Starting with ad-hoc...