This article provides an overview of major theoretical concepts behind the process of European economic integration. At first, the classic theory of customs unions as formulated by Viner, Meade and others is explained taking also into account factor mobility in a customs union in the move...

Within a single generation, the post-Soviet political, economic, and social landscape has changed immensely. The new structures — ranging from national power structures to a completely new economic reality based on the market instead of centralized planning — have come into existence. As 20...

The authors turn to the large family of institutions that came into existence in post-Soviet Eurasia (and, in some ways, beyond it) over the last two decades. The researchers review their current state, agenda, real and perceived mandate, and their respective achievements and constraints. The...

Our study analyses the extent of integration of the EU market for life and non-life insurance. The main integration indicator used is the market share (premium based) of foreign companies in domestic markets. For the calculation of this indicator, three different kinds of foreign presence are...

The integration process in the European banking sector considerably differs with regard to product types. Deep integration can be observed in the money market as well as the market for wholesale products. In contrast to that, a strong segmentation of national markets still exists in the field of...

This note reviews the implications of the political crisis around Ukraine and of the economic crisis in Russia on the development of Eurasian regionalism and, in particular, the future of the Eurasian Economic Union. It identifies the key effects of the crises, as well as discusses alternative...

The paper compares the development of two institutional systems organizing the intergovernmental relations in the former Soviet Union: Russian federalism and post-Soviet regional integration. In spite of common origins, random selections of actors and common development trends in the first...

While the poor quality of governance is widely accepted as a main factor hampering economic development in Central Asia, one of the main ways to solve this problem is often connected with changing the allocation of authorities, shifting them to the supranational (regional integration) or...

Institutional competition is often discussed as an instrument of market creation and preservation in transition and development economies. The post-Soviet space offers an interesting case study for the analysis of this problem: increasing international investment flows and absent policy...

Regional integration remains among the main topics of international discourse in Central Asia, though the progress of international cooperation is very limited. Our aim is to understand the connection between the organization of economic institutions in Central Asia and the regional integration....