The emerging literature on ‘anchoring’ draws attention to non-conventional benefits of regional integration arrangements, which include increased policy credibility. Nevertheless, this literature tends to view the anchoring of policy reform as an exogenously given option for a...

Political changes in Eastern Europe will help to cement improving economic relations between those countries and the EC, accelerating a trend that flows in part from the continuing economic difficulties in Eastern Europe. Hungary has little alternative but to seek to continue strengthening these...