Das vorliegende Arbeitspapier berichtet aus der Sicht der tschechischen Republik von den laufenden Herausforderungen und Veränderungen Europas. Dabei werden die Probleme des Transformationsprozesses ebenso diskutiert wie die Schwierigkeiten einer möglichen Integration in die EU.

This paper studies a particular aspect of the choice of exchange rate regime by EU candidate countries in the run-up to membership of European Economic and Monetary Union (EMU). The fact that these countries have adopted various exchange rate systems reflects a divergence of opinion on the...

The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet empirical evidence on the possible magnitudes is still scarce. This paper uses four different datasets to estimate the determinants of international asset holdings and trade...