This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the European Monetary Union (EMU) to the 10 countries that obtained EU membership in 2004. One-way and two-way error component gravity models are estimated using a data set of unbalanced...

Building on the work carried out in the 2004 Routledge book, Tax Systems and Tax Reforms in Europe, an international team of contributors now turn their attention to the new EU member states. The book compares conditions in the new and potential EU Member states to those in the long-standing EU...

The recent admission of Slovakia into the Economic and Monetary Union (EMU) stands in sharp contrast with the considerable difficulties faced by Hungary with the fulfillment of the Maastricht criteria. This is a puzzling development for two reasons: first, during the early phase of the...

Dem Beitritt zur Europäischen Union (EU), den zahlreiche Länder anstreben, wird mit einiger Verzögerung die Einführung des Euro folgen. Schon jetzt stellen sich daher zwei grundsätzliche Fragen: Erstens, ist die Europäische Zentralbank (EZB) auch dann mit den derzeit gegebenen...

Impacts of EU Direct Payments on Agricultural Enterprises in HungaryDirect payments are a controversial issue in the accession negotiations. While the EU proposes reduced payments the accession countries claim that they should be equally treated as the present EU members.The present study, based...