Showing 1 - 10 of 138
The EU candidate and potential candidate countries have made considerable progress in economic transition and …
Persistent link: https://www.econbiz.de/10011641211
Persistent link: https://www.econbiz.de/10011627099
Overall, the prospects for a continued and reasonably fast real convergence process between the EU8 countries and the … euro area are good. However, the continuation of the rapid progress made by many EU8 countries in the past cannot be taken … for granted. In fact, in order to ensure that fast economic growth in the EU8 countries remains sustainable, it is crucial …
Persistent link: https://www.econbiz.de/10011638923
This paper reviews selected aspects of economic relations between the EU and Russia, focusing on the impact that the … last two waves of EU enlargement have had on Russia, as well as the role of the euro in Russia. The analysis suggests that … if EU enlargement has had any diversion effects on trade between the EU and Russia at all, they have been minimal, while …
Persistent link: https://www.econbiz.de/10011641271
In the euro area, there is mixed evidence that the GDP per capita of lower-income economies has been catching up with that of higher-income economies since the start of monetary union. The significant real convergence performance of some of the most recent members contrasts with that of the...
Persistent link: https://www.econbiz.de/10011755500
for and supply of securities. This paper finds that financial markets in the new EU Member States (plus Cyprus, Malta and … process of integration is well under way and has accelerated since accession to the EU. …
Persistent link: https://www.econbiz.de/10011641190
The euro area, like many other advanced economies, has entered an era of drastic demographic change. Without appropriate policy responses, population ageing in the euro area is posing formidable challenges for potential growth, monetary policy and public finances. This paper examines - from a...
Persistent link: https://www.econbiz.de/10013286706
This paper looks at the macroeconomic impact of the two policies proposed by ECB Banking Supervision to tackle the high share of non-performing loans (NPLs) on the balance sheets of euro area banks. The first is the coverage expectations for new NPLs set out in the Addendum to the ECB's NPL...
Persistent link: https://www.econbiz.de/10013286744
In the aftermath of the global financial crisis, central banks started being confronted with severe challenges that led to an unprecedented policy response in terms of the size and variety of monetary policy measures. One such measure centred on central banks communicating to the public more...
Persistent link: https://www.econbiz.de/10012886554