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enlargement should depend on institutional convergence between the EU and potential accession candidates. Therefore, the paper … looks at institutional quality in the EU, in the EU’s neighboring Balkan and Black Sea regions, and especially in Bulgaria …, Romania, Croatia, Turkey, and Ukraine, i.e. the next countries in the queue for entry or likely to lobby for entry into the EU …
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authorities in the ongoing reform debate. In the international context, especially the Bundesbank seems to fight a losing battle …
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Financial crises can have a severe impact on the real side of the economy with countries losing up to 20 percent of GDP. The paper studies rules that prevent financial instability and currency crises. These include institutional arrangements for a solid banking system, prudent regulations and...
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