This paper analyses the link between finance and growth by studying the effect that the process of financial deregulation and harmonisation of banking laws at the EU level has brought about on growth over the last 40 years. Our main findings point to the existence of a positive long-run growth...

This Webside contains all editions of the scoreboard and related documents from 1997 on usually in English, the more recent editions are written in 11 european languages.

This paper discusses a wide range of indicators of the degree of integration of the euro area banking system. It is concerned with volume data, a less developed field of research compared with studies on prices/rates. We first set out a methodological framework, a mixture of elementary and more...

Two seemingly unconnected empirical results suggest an intriguing mechanism. First, economic integration helps harmonize prices internationally, with trade being the primary channel (Rogoff 1996, Goldberg and Knetter 1997). Second, monetary union may greatly increase the amount of trade among...

The accession of ten new countries to the European Union on 1 May 2004 represents a further milestone on the way to the economic and political integration of all countries in Europe. With their entry into the EU the new member states from Central and Eastern Europe have officially concluded...

Turkeyu0092s fulfilment of the EUu0092s first set of political criteria qualifies the country to start negotiations. But EU membership is much more demanding than most of Turkeyu0092s political and business elite realise. They hope that they can bargain away many of the onerous requirements for...

This report presents the findings of the 2011 Regional Level Evaluation of the Commission of the European Union’s co-operation with the Caribbean Region. The evaluation was carried out to provide meaningful feedback to the Commission and the European External Action Service (EEAS), but also to...

This review of regional integration in African, Caribbean and Pacific (ACP) countries takes a broad view of regional integration and includes various aspects of regional trade integration such as tariff reduction and covers behind the border dimensions of regional trade integration such as...