Die politische und die wirtschaftliche Integration Europas sind eng verwoben. Betrachtet man das Zusammenwirken beider Bereiche, wird deutlich, dass Europa aus einer Vielzahl historisch gewachsener Wirtschafts- und Sozialmodelle besteht. Welche wirtschaftlichen und politischen Veränderungen die...

The paper reviews issues related to accession of the EU New Member States to the Eurozone. The paper was written before the global financial and economic crisis, but much of it it still relevant even for the post-crisis world

In the context of the U.K. government’s EMU entry condition of cyclical convergence, this paper (i) provides further evidence suggesting that historically the U.K.’s business cycle has been more volatile than, and relatively independent of, the cycles in the euro-area countries; and (ii)...