Die angestrebte Aufnahme osteuropäischer Staaten in die EU ist insgesamt die fünfte Erweiterung des europäischen Binnenmarkts, stellt aber nach Ansicht der Autoren trotz der bisherigen Erfahrungen die schwerste Aufgabe der EU dar.Die Entscheidungsvariablen, die eine Aufnahme osteuropäischer...

The paper develops a unified general equilibrium model including savings with overlapping generations, investment and search unemployment. Long-run analytical results for the small open economy identify capital accumulation as a prime transmission channel. The effects of integration on...

This paper surveys the economics academic literature on Brexit. It is organised in: pillars, channels, and consequences. The two building blocks to understand Brexit are the economic history of the UK-EU relationship and the literature on the political economy of globalisation and populism. The...

There is some evidence that interdependencies among European banks have increased over the past 15 years and that the potential of systemic risks in banking has shifted from a national level to a European level. Whereas wholesale financial markets are considered to be highly integrated within...