This study analyses the key patterns of cohesion policy within the overall framework of the EU budget, viewed from the perspective of the new Member States of Central and Eastern Europe. In more specific terms, the main objectives are, first, to analyse past trends of cohesion policy and the...

We use rolling cointegration to measure the convergence of base money, M2, the consumer price index and industrial output between two reference countries, Germany and France, and recent EU members and some transition economy candidates. Counties that recently joined the EU exhibit time-varying...

On 23rd February 2017, SUERF and EY organized a conference on "Brexit and the Implications for Financial Services" at EY's offices, Churchill Place, Canary Wharf, London. While the outcome of the Brexit negotiations remains highly uncertain, the conference discussed the burning questions for...

The present paper aims to disseminate how liberalisation processes were conducted around the globe and especially in Europe since the XIXth century up to date. The research objective is to review the liberalisation of trade dynamics and create an image of the architecture of the most important...

In this paper, we want to analyse how efficiency evolves in the European Union 28 over the period 2003 – 2012. This period is selected to highlight the evolution before and after the global financial crisis. We used a sample of over 1000 banks with data available for at least ten years and at...

The purpose of this paper is to explore the theoretical approaches of the „strategic partnership” concept, and then applying them to the relationship and cooperation between the European Union and the Russian Federation, thus emphasizing its evolution. The base of this article lays on a...

Due to its geographical position and its cultural links, Russia has always had a special relation with Europe. In its attempt to shape its own place on the global stage, the Russian Federation has sometimes seen itself as an authentic European state, while in other cases and circumstances, it...

This paper is the final report of a research project whose aim was to analyse the methodology of calculating the costs and benefits for the Czech Republic, Hungary, Poland and Slovenia of the envisaged accession to the European Union. The research focused particularly on the impact of the...

We discuss past performance and future challenges for the countries of Central and Eastern Europe (CEE). We highlight the successful convergence process of those countries, not least thanks to their integration into European and global value chains. As the external environment changes, so...

The aim of the European Union's cohesion policy is to reduce development inequalities between the regions of the Member States and to increase economic, social, and territorial cohesion. Expenditures on it account for one-third of the European Union (EU) budget. Therefore, the appropriate and...