The objective of this study is to examine recent developments in trade and FDI flows between the EU and the CEEC, trying to anticipate future consequences from the economic integration of the two blocks. Economic theory suggests that integration conveys positive effects upon welfare, due to the...

This book adopts a comprehensive approach, combining the views of economists and political scientists, to assess the threats of maintaining the non-collaborative stance that prevailed in the response to past crises, and to explore new solutions to the present emergency. The coronavirus pandemic...

1. The Future of the Euro Zone: A Reflection Paper on the North/South Divide -- 2. European Monetary Union and the Covid-19 Crisis: A Tightrope Act with the Risk of Falling -- 3. Europe at the Crossroads of the COVID-19 Crisis: Integrated Macroeconomic Policy Solutions for an Asymmetric Area --...

This report explores some features of the social dimension of enlargement regarding the Southern EU-Member countries, namely Portugal, Spain and Italy. Economic theory suggests that integration may affect wages, employment and income distribution through changes on trade, FDI and migration...

European Monetary Union (EMU) and its enlargement to prospective members in central and eastern Europe is a politically highly desired process, given that everything works out smoothly. The future eurozone will show a much higher degree of heterogeneity than now. The CEEC are in the process of...

The euro monetary union with a flawed conceptual framework / Vítor Bento -- The endogeneity of OCA conditions and macroeconomic imbalances in EMU / Carlos Vieira and Isabel Vieira, Department of Economics, Universidade de Évora and CEFAGE, Évora, Portugal -- Trends in business cycles...

The economic crisis triggered by the coronavirus exposed the gaps in the European Monetary Union (EMU) governance, creating fears to repeat the sovereign debt crisis. In view of the magnitude of the crisis and the financial interdependence inside that union, strong policy coordination and...