The purpose of this paper is to analyze the various challenges facing European integration and the EU institutional … Monetary Union, which form the core of the EU economic architecture. Certain policy prerogatives (such as external trade … supervision or fiscal policy) remain largely in the hands of national authorities. The EU's limited fiscal capacity has proven to …

The financial crisis of 2007-2009 led to a renewed increase in government deficits and debts in many EU countries … the internal market of the EU. This would increase the wedge between members and non-members of the euro area …

smaller output decline than the Euro area and the entire EU while the CIS, especially its European part, contracted more … (e.g., EU) and global levels. -- global financial crisis ; emerging-market economies ; European Union ; Economic and …

strong arguments in favor of strengthening fiscal and banking integration within the EU, especially the fiscal discipline … mechanism at national levels, and building the EU rescue capacity in respect to sovereigns and banks based on strong policy …

modeling exercises and the practical experience of "deep" trade integration suggest a substantial potential for the future EU … harmonization with EU's acquis, and modernizing Ukraine's economy. While beneficial for both sides, the potential gains (but also …

such rules in Japan and in the EU. Comparing the performance of fiscal policy in the 1980s and 1990s until 2003, we find … rule of the Maastricht Treaty had a significant impact on political budget cycles in the EU, but did little to constrain … fiscal rule in the EU has vanished. Next, we discuss the importance of budgetary institutions for the effectiveness of fiscal …

This paper provides a study of bond yield differentials among EU government bonds issued between 1993 and 2005 on the … by EU countries and Germany or the USA contain risk premiums which increase with fiscal imbalances and depend negatively …