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Explaining the shadow economy in Europe : size, causes and policy options

Kelmanson, Ben; Kirabaeva, Koralai; Medina, Leandro; … - 2019

This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years but remains significant, especially in Eastern...

Persistent link: https://www.econbiz.de/10012155041

Will a Regional Bloc Enlarge?

Albertin, Giorgia - 2007

This paper investigates whether a regional bloc would enlarge or remain stagnant in size using a model where enlargement is the endogenous outcome of the interaction between the supply of and demand for membership. We show that a maximum size of the bloc exists beyond which the regional...

Persistent link: https://www.econbiz.de/10014400446

Selected Transition and Mediterranean Countries : An Institutional Primeron EMU and EU Relations

Feldman, Robert Alan - 1998

and Eastern Europe and selected Mediterranean countries that aspire to join the European Union (EU). After describing the … current institutional framework for their relations with the EU, the paper examines two basic categories of institutional … stemming from the need to adopt the EU’s institutional and legal provisions in the area of EMU …

Persistent link: https://www.econbiz.de/10014400669

How Far is Eastern Europe From Brussels?

Sahay, Ratna - 1998

first compares income gaps between Central and Eastern European and European Union (EU) countries, then evaluates recent … economic performance in Central and Eastern Europe in light of EU standards. Finally; addresses the question of how long it … will take the Central and Eastern European countries to close the income gap with EU countries …

Persistent link: https://www.econbiz.de/10014400670

European Trade and Foreign Direct Investment U-Shaping Industrial Output in Central and Eastern Europe : Theory and Evidence

Walsh, Patrick P. - 1998

product trade orientation. The growth of EU-oriented output within sectors of industry, ex-post trade, and market … non-EU-oriented output within sectors is modeled as unobservable deterministic heterogeneity. The results indicate that … explained by the inherited presence of EU-oriented production and its unconstrained growth over the transition period …

Persistent link: https://www.econbiz.de/10014403410

Foreign Exchange Market Volatility in Eu Accession Countries in the Run-Up to Euro Adoption : Weathering Uncharted Waters

Székely, István P. - 2004

The paper analyzes foreign exchange market volatility in four Central European EU accession countries in 2001-2003. By …

Persistent link: https://www.econbiz.de/10014404125

How Symmetric Are the Shocks and the Shock Adjustment Dynamics Between the Euro Area and Central and Eastern European Countries (CEEC)?

Frenkel, Michael - 2002

these countries are also compared to EU countries that currently do not participate in the EMU. Focusing on the period 1993 …

Persistent link: https://www.econbiz.de/10014401455

The ECB and Euro-Area Enlargement

Berger, Helge - 2002

The likely enlargement of euro-area membership will radically change the environment under which monetary policy will be made in the euro area. Within less than a decade, the number of member countries in the euro area could more than double, with the vast majority of accession countries being...

Persistent link: https://www.econbiz.de/10014399555

Integration of Eastern Europe Into the World Trading System

Junz, Helen B. - 1991

The sheer size of mandated trade among members of the Council for Mutual Economic Assistance (CMEA), and its composition and quality, means that its reorientation toward other markets entails a whole complex of structural adjustment policies. To be successful, policy reform must be...

Persistent link: https://www.econbiz.de/10014396289

European Union Enlargement and Equity Markets in Accession Countries

Podpiera, Richard - 2005

The announcement of the European Union enlargement coincided with a dramatic rise in stock prices in accession countries. This paper investigates the hypothesis that the rise in stock prices was a result of the repricing of systematic risk due to the integration of accession countries into the...

Persistent link: https://www.econbiz.de/10014404205