The European Union has reached a critical juncture in dealing with the fallout from the 2008 financial meltdown that started in the USA and spread to engulf banks and the financial markets of Europe. The ensuing recession or stagnation in many member countries was compounded by austerity...

This paper develops a 'structural political economy' approach to two fundamental tensions that emerged as the eurozone crisis unfolded: real exchange rate misalignments and external debt build-up. The approach builds on a classical legacy going back to Francois Quesnay, who conceptualised...

This volume brings together contributions on the major economic policy issues which have opened up as a result of the immanent process of European Union Enlargement. The issues analyzed range from modelling and analyzing the costs and benefits of enlargement, to challenges for macroeconomic...

1. Introduction -- 2. Convergence of the EU member states in Central-Eastern and South Eastern Europe (EU11): a framework for convergence inside a close regional cooperation -- 3. Towards a new growth model in CESEE: three challenges ahead -- 4. Regional dynamics in EU11 -- 5. How the European...

1.Introduction -- 2.The economic impact of Single Market membership on the EU enlargement countries -- 3. FDI as force of convergence in the CESEE countries -- 4.The impact of EU cohesion funds on macroeconomic development in the Visegrad countries after the 2008-2009 financial crisis -- 5. The...

The high outward mobility that has characterised the countries in the Western Balkan (WB) region over the past three decades is often seen as tightly linked to severe labour market imbalances and persistently low utilisation of human capital over time. To shed light on these issues, we estimate...