Die türkische Wirtschaft war in den letzten Jahren durch ein stetes Auf und Ab gekennzeichnet: Kurze Expansionsphasen wurden von gravierenden Krisen abgelöst, denen dann wieder Stabilisierungsbemühungen folgten. Dabei blieb die Inflationsrate alarmierend hoch. Mehrere Reformschritte wurden...

The primary goal of monetary policy in most economies of the world is to achieve and maintain price stability. This paper evaluates price developments and consumer price indices in south-eastern European countries, i.e. countries that have either recently joined the EU or are candidate or...

The EU candidate and potential candidate countries have made considerable progress in economic transition and integration into the world economy within less than two decades. Nevertheless, gaps in terms of income per capita relative to the euro area remain large. This suggests that the...

Global financial integration has been associated with divergent patterns of real convergence and the current account in emerging markets. While countries in emerging Asia have been running sizeable current account surpluses, countries in emerging Europe have been facing large current account...

This Occasional Paper reviews financial stability challenges in countries preparing for EU membership with a candidate country status, i.e. Croatia (planned to accede to the EU on 1 July 2013), Iceland, the former Yugoslav Republic of Macedonia, Montenegro and Turkey. It follows a...

Die Türkei ist im Ausnahmezustand, das Verhältnis zur EU gefährdet wie nie und die Chance auf einen EU-Beitritt ist gesunken. Statt der Diskussion über ungenutzte wirtschaftliche Potenziale rücken nunmehr die Fragen der Bewertungen der politischen Risiken in das Zentrum der Aufmerksamkeit....

We build a two-country dynamic general equilibrium model to study whether European citizens would benefit from the eventual accession of Turkey to the European Union. The results of the simulations show that Turkey's accession to the European Union is welfare enhancing for Europeans, provided...

This work studies the role of gender on economic convergence in a standard convergence model expanded by gender shares of labor force. The theoretical part of the paper shows the positive role of gender on economic growth. Next, the paper presents 5-year span panel data tests of the contribution...