The aim of this paper is to discuss the impact of current account adjustment on the tradable and nontradable sector in member countries of currency union - Euro zone. The current account adjustment associated with the adjustment of the net export's deficit caused by the drop in the domestic...

This paper analyses the process of nominal and real convergence of the new Member States of the European Union. It also discusses theoretical and methodological issues relating to this process. The importance of nominal and real convergence is underlined in connection with a successful...

The article discusses a current account imbalance in the eurozone member countries, respectively whether the economic policy institutions should respond to the rising external imbalance, even if there is no threat of the monetary crisis. The monetary policy reactions can not be expected...

The article solves the incentives to the different exchange rate arrangement choice during the transformation and integration period in the Central and East European countries. It follows with the analysis of the industry structure in these economies. It is discussed the existence of its direct...