governance in the EU and the euro area since the launch of the Economic and Monetary Union. Broader and enhanced surveillance of … order to make the whole package of governance reform complete and workable as, for instance, crisis resolution mechanisms … and debt restructuring, EMF, project bonds and Eurobonds. -- EU governance ; European Council ; European Financial …

institutional development. -- EU ; NATO ; transition economies ; institutional change ; governance … the World Bank Governance Indicators (WBGI). Based on a panel of 25 transition countries for the period from 1996 to 2008 … we show that pre-accession incentives provided by EU and NATOclearly matter for institutional development. In addition …