The Central European countries became members of the European Union (EU) in May 2004. Has their accession into the EU also resulted in a stronger financial integration with the global economy in general and with the "old" EU countries in particular? Based on a cointegration analysis applied to...

In the early 1990s, Europe changed considerably in a short space of time. In Central and Eastern Europe Communism collapsed, while in Western Europe the European Union was changing more gradually. It was broadened by the accession of more and more member states and by the growing number of...