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contribution include: national reform programmes that promote innovation, competitiveness, and transparent institutions; a larger … EU budget for European public goods; shadow policies for euro accession by CEE non-euro economies; accession to the … banking union by CEE non-euro countries; deepening of home/host cooperation with the assistance of the European Banking …
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In the course of the EU enlargement process, the participation of accession countries in the European Monetary Union might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession countries will be winners from this redistribution, for...
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The prospect of enlarging the European Union (EU) to Central and Eastern European countries with income levels far below those of present members, questions how, and when the candidates' aspiration to converge towards EU standards of living, could possibly by fulfilled. To address these...
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The paper analyzes the relation between monetary uncertainty and government incentives to implement economic reforms that reduce structural distortions and make economies more flexible. It is shown that uncertainty about the central bank's reaction function leads to more reforms. I relate this...
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One of the fundamental pillars of the European Union aims at the convergence of economic performances among its Member States. This objective has become increasingly challenging with the advancement of the integration process from the customs union to the economic and monetary union, from the...
Persistent link: https://www.econbiz.de/10012807565