The Euro Plus Pact was approved by 23 EU countries in March 2011 and came into force shortly afterwards. The Pact stipulates a range of quantitative targets meant to strengthen cost competitiveness with the aim of preventing the accumulation of external financial imbalances. This paper uses...

The paper provides a review of the background, components, indicators and revealed effects of Hungary's trade competitiveness at the macroeconomic and sectoral levels, in particular in the manufacturing industry. These features are described and interpreted in two respects first, in terms of...

This paper analyses developments in production structures in pre-crisis and during the crisis years in the range of EU 'peripheral economies' (i.e. the lower- and medium-income economies in the South and the Centre/East). The emphasis is on the development of the tradable sector (and...

This paper examines current account developments in different country groups amongst the lower- and medium-income European economies (LMIEs) both prior to the crisis and following it. The Baltic countries, the Western Balkan as well as the Southern EU countries (Greece, Portugal and Spain)...