Showing 1 - 10 of 23
Eastern Partnership attempted to further political stability and economic development by liberalising trade between the EU and … establishing political democracy and human rights in key countries. In response, the EU increased the emphasis in the ENP on … among the countries of the region as well as between each such country and the EU. Using a panel gravity model of trade …
Persistent link: https://www.econbiz.de/10009571054
the European Union's neighbourhood? In the spirit of Montesquieu and Monnet, the basic hypothesis of the EU is that closer … prosperity and detente. The EU has a strong motive in this, since conflicts in its neighbourhood spill-over into the EU itself …, strong intraregional trade, and the prospect of accession to the EU. It concludes that the EU's Member States must give …
Persistent link: https://www.econbiz.de/10009571288
The interaction of monetary and fiscal policies is a crucial issue in a highly integrated economic area as the European Union. We argue that EMU, which introduced a common monetary policy and restrictions on fiscal policy at the national level, increases the need for macroeconomic policy...
Persistent link: https://www.econbiz.de/10011398097
In the aftermath of the financial crisis trust, in the European Central Bank (ECB) has reached an historical low. Taking panel data and using a fixed effects DFGLS estimation for a 12–country sample over the time period 1999 to 2011 with a total of 312 observations, this paper detects a...
Persistent link: https://www.econbiz.de/10009711914
In a major setback for the EU, only two of four Eastern Partnership countries actually initialed Association Agreements … the EU, the paper shows that the Eastern Partnership countries, including Ukraine, by far the largest in the group, gain … significantly from free trade agreements with the EU, but gain little if anything from free trade agreements with Russia. …
Persistent link: https://www.econbiz.de/10010374518
This paper estimates the effects of the EU enlargements in the 2000s for trade in parts and components and trade in … EU and OECD countries. The estimation approach accounts for firm heterogeneity and selection bias in a panel …-data framework. We find a positive and significant effect of the EU-accession on CEECs trade in intermediate and final goods. The …
Persistent link: https://www.econbiz.de/10010383871
10 countries from Central and Eastern Europe (CEEC) that will join the EU in 2004/7 the banking system is now dominated …
Persistent link: https://www.econbiz.de/10011508110
The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the...
Persistent link: https://www.econbiz.de/10011509539
It is widely debated whether a monetary union has to be accompanied by a fiscal transfer scheme to accommodate asymmetric shocks. We build a model of a monetary union with a central bank and two heterogeneous countries that are linked by a fiscal transfer scheme with repercussions on monetary...
Persistent link: https://www.econbiz.de/10010492336
This paper examines the involvement of the CEECs into regional and global production networks over the period 1999 to 2009. We employ a theoretically justified gravity model which incorporates the extensive margin of trade and accounts for firm heterogeneity. We first estimate the model for...
Persistent link: https://www.econbiz.de/10009126416