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firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or hindered … located in participating economies. Enlargement has, instead, two contrasting effects. It improves the accessibility of EU …
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Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much research has focused on understanding this integration process and what benefits and costs it entails. This paper identifies a political economy channel of EMU as the monetary union...
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shocks between the individual new EU member countries and the `EU-core'. Treating the whole economy as one sector this is a … to have strongly different behaviour during the crisis. -- OCA ; supply and demand shocks ; VAR decomposition ; new EU …
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