reform is that it simply widens the range of goods that are tradeable. This kind of reform is analyzed in a two … East), if (as assumed) the most sophisticated goods are tradeable before reform. Second, under ex-post liberalization … different, however, if there exist asymmetries in labor market institutions, such that upon reform, labor can relocate in the …

? Using more granular reform measures, longer time windows and a larger sample of countries than previous studies, we confirm … that the euro triggered product but neither labour nor financial market reforms. Differently from previous studies, we find … that: (a) the Single Market has similar effects to the euro, and (b) sectoral heterogeneity appears less important in …

the divergence between periphery and core countries in the euro area. Using a common EU standard reveals more progress in …

rate volatility on labor markets in the CEECs is analyzed, finding that volatility vis?- vis the euro significantly lowers …

-time variation in rates of return as a function of the timing, speed, and volatility of reform processes as well as estimation … in returns to schooling during the early reform period reflects the ability of highly-educated individuals to respond to …