It is on the pocketbook issues that Britain's Remain campaign has chosen to take its stand. For weeks, it has bombarded the public with warnings and research purporting to show that Brexit would take a toll on economic growth, living standards, public services and even property prices....

The UK exit from the EU represents a qualitative change in the nature of EU membership. On the one hand, it conveyed the lesson that for the Union to be sustainable, membership needs to entail constant caretaking as far as individual members' contributions to the common good are concerned, with...

In the debate about a possible exit of Greece from the euro area, Argentina is often referred to as an example - both by those in favour of and those warning of the adverse effects of a Grexit. Yet, while Argentina pulled off an impressive economic recovery after its 2001-02 crisis - one that...

Die Brexit-Entscheidung im Vereinigten Königreich dürfte 2016 und stärker noch 2017 den ohnehin nur mäßigen Aufschwung in Deutschland und im Euroraum schwächen. Die konjunkturelle Dynamik der übrigen Weltwirtschaft bleibt im Prognosezeitraum verhalten. Die Erholung im Euroraum setzt sich...

This paper aims to assess both the explicit and implicit convergence criteria for Poland's possible membership in the Economic and Monetary Union, with special emphasis on institutional underpinnings of the country's prospects of adopting the euro. While the former set of criteria (embedded in...

Griechenlands Zahlungsprobleme gefährden offensichtlich nicht die Stabilität der Eurozone, obwohl seine Schuldentragfähigkeit langfristig nicht gewährleistet ist. Dennoch wurde Griechenland eine Programmverlängerung um vier Monate zugestanden und auch über ein drittes Hilfsprogramm wird...

This paper investigates whether joint economic and political integration leads to larger economic benefits than just economic integration. The identification strategy rests on the fact that Norway, at the time of the 1995 Enlargement of the European Union (EU), had successfully completed...

Selling internationally requires products that resonate with an international customer base and therefore an approach to markets that is in keeping with diverse cultures (i.e., relational capital). As emphasized by international business studies, this relational capital is in turn related to the...

This paper investigates the labour market and welfare changes experienced by enlarged-EU migrants before and after 2007. For this purpose, we briefly review the Spanish socio-economic institutional background, as well as its migration policy towards enlarged-EU citizens. Then we discuss the...

Bank supervisors should provide publicly accessible, timely and consistent data on the banks under their jurisdiction. Such transparency increases democratic accountability and leads to greater market efficiency. There is greater supervisory transparency in the United States compared to the...

The change in Romanian political regime in 1989 has lifted the barriers for population circulation and mobility that were further more amplified in 2002 by the liberalization of Romanians' circulation in the Schengen space. In such context, the aim of this paper is to analyze to what extent...

Tritt ein Mitgliedsland aus der Europäischen Währungsunion aus, hat das Folgen für die Gemeinschaft. Einige Wissenschaftler fürchten, dass in diesem Fall die Eurozone Schaden nimmt oder sogar zusammenbricht. Wie ein erfolgreicher Austritt organisatorisch und institutionell gestaltet werden...

The eastern enlargements of the European Union (EU) and the extension of the free movement of workers to the new member states' citizens unleashed significant east-west migration flows in a labor market with more than half a billion people. Although many old member states applied transitional...

Am 1.5.2004 sind zehn neue Mitgliedstaaten, vor allem Transformationsländer, in die EU aufgenommen worden. Drei Jahre später, am 1.1.2007, kamen Bulgarien und Rumänien hinzu. Während deutsche Unternehmer zunächst die zusätzliche Konkurrenz fürchteten, bewerten sie die Auswirkungen der...

This report covers the activities of all on-going Multi-beneficiary projects which are the responsibility of Unit D3 of the Directorate General for Enlargement of the European Commission. It covers the period 1st July – 31 December 2013.