Gegenstand der vorliegenden Studie im Auftrag des Bundesministeriums für Arbeit und Sozialordnung sind die Auswirkungen der geplanten EU-Osterweiterung auf die Arbeitsmärkte und die öffentlichen Finanzen in der Bundesrepublik Deutschland. Zur Abschätzung des Migrationspotentials nach der...

This paper draws on the experience of emerging Europe and argues that foreign capital is an enviable development opportunity with tail risks. Financial integration and foreign savings supported growth in the EU12 and EU candidate countries. We argue that this was possible because of EU...

With the capital markets union (CMU), the European Union embarked on one of its yet most ambitious and potentially most relevant reform projects. However, the huge potential for the European economy by a genuine CMU has not yet been realized. The key reason for this is that an important...

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...

In light of the profound changes that both the European economy and European politics have experienced since the global financial crisis of 2008, this policy paper intends to retrace the experience of Central, Eastern and Southeastern European (CESEE) countries with transition and catching-up...

This paper reviews the economic, monetary and financial relations between the EU and the euro area and a set of countries in a broad set of neighbouring regions. The 80 or so countries are mostly classified as transition, emerging or developing economies and belong to four main regions: the...

Die Verbreitung der neuartigen Krankheit COVID-19 stellt alle Volkswirtschaften rund um den Globus vor gesundheitliche und wirtschaftliche Herausforderungen. Von der Pandemie und den Maßnahmen zur Eindämmung der Ausbreitung des Coronavirus sind internationale Wirtschaftsbeziehungen besonders...

1) Financing Firms in East European Countries: An Asymmetric Information and Agency Costs Approach, by Debora Revoltella 2) Seven Years of Financial Market Reform in Central Europe, by Peter H. Haiss and Gerhard Fink.