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This paper examines the long-term financial integration of second-round acceding and candidate countries’ with the European Union and the US stock markets during the Accession Process. The lowpair wise correlations between these markets imply portfolio diversification opportunities, yet...
Persistent link: https://www.econbiz.de/10004969234
This report explores some features of the social dimension of enlargement regarding the Southern EU-Member countries …, capital and labour, Eastward Enlargement will affect the location of economic activities, innovation, and technology … aspects have been analysed in several studies, stressing that the regional and social dimension of enlargement as well as the …
Persistent link: https://www.econbiz.de/10010266841
This paper studies the incentives to join or enlarge a monetary union under alternative assumptions about the extent of market reform within the union and in candidate countries. Lack of labour mobility, wage/price flexibility or fiscal reform brings costs for both new entrants and in the...
Persistent link: https://www.econbiz.de/10011689914
Persistent link: https://www.econbiz.de/10012154825
This paper studies the incentives to join or enlarge a monetary union under alternative assumptions about the extent of market reform within the union and in candidate countries. Lack of labour mobility, wage/price flexibility or fiscal reform brings costs for both new entrants and in the...
Persistent link: https://www.econbiz.de/10005342567
The new policy environment of EMU affects economic, political, and social cohesion in different ways: the policy mix … consequences in the short, medium and long run. Then the salient cohesion issues regarding Eastern enlargement are discussed …
Persistent link: https://www.econbiz.de/10005021912
The paper discusses the framework of ERM2 (the exchange rate mechanism of EMU, the Economic and Monetary Union) and its … of EMU). Second it reviews how ERM2 is conducive to future euro-zone membership of the accession countries. From the …
Persistent link: https://www.econbiz.de/10004969206
Persistent link: https://www.econbiz.de/10005406620
At this moment in time, from all the 27 European Union member states only 13 are involved in the 3rd stage of EMU: the …
Persistent link: https://www.econbiz.de/10005439852
Persistent link: https://www.econbiz.de/10005062846