In the wake of monetary integration in Europe, Austria abandoned the tested hard currency policy (HCP) for joining EMU as a member. The final target of monetary policy and real sector adjustment needs are similar in both regimes, and the HCP may therefore be viewed as a convenient "training...

The paper analyses the effects of international fragmentation in terms of intermediate goods trade on the dynamics of skill-specific real wage bills in manufacturing of three Central and East European countries (Hungary, Poland, the Czech Republic). Both intermediate goods exports and imports of...

Based on the review of literature and our own conceptual considerations, we show that absorption problems regarding the EU Structural Funds may be important. The central topic of our paper is the question of how to measure the administrative capacities of particular Candidate Countries for...