The central objective of this report (completed in March 2006) is to identify the best forms of enhanced economic integration that could be pursued over the next 5-10 years between the EU and Ukraine, Russia, Egypt, Morocco and Algeria, from the EU perspective. All of these countries except...

The aim of this study is to evaluate the economic feasibility and implications of free trade agreement between the EU and Armenia as well as of greater regional integration between Georgia, Armenia and the Black Sea countries. The study uses a mix of qualitative and quantitative analysis along...

The aim of this study is to evaluate the economic feasibility and implications of free trade agreement between the EU and Georgia as well as of greater regional integration. The study uses a mix of qualitative and quantitative analysis along with surveys, sectoral studies and local expert...

This paper summarizes recent literature on the experience of some existing currency boards. It begins with the definition of the currency board and the description of some existing currency boards. It then discusses advantages and disadvantages of implementing the currency board regime, and...

Saving, Investment, Financial Integration and FDI in Central Europe: Evidence on domestic savings and investments in industrialised countries indicates that capital markets are not perfectly integrated. On the contrary, various measures of financial integration prove that capital has become...

The paper assesses differences in productivity and its determinants among enterprises manufacturing cosmetics and detergents (NACE 245) and located in Germany and in three EU new member states. The database collected through conducting an identical survey in Germany, Poland, Czech Republic and...

This paper focuses on the measurement of a contemporaneous currency crisis. The analysis covers 14 "emerging" or "transforming" economies that experienced episodes of currency crises over the last decade. It adds to well-known examples relatively littleknown evidence on the crisis depth in some...