EU accession requires, inter alia, free movements of capital. If a massive capital outflow occurs, the central banks from the accession or acceding countries may carry two types of intervention: on money market, and introducing restrictions on capital account. The paper explains when is...

EU accession requires, inter alia, free movements of capital. If a massive capital outflow occurs, the central banks from the accession or acceding countries may carry two types of intervention: on money market, and introducing restrictions on capital account. The paper explains when is...

On October 21, 2005, the Oesterreichische Nationalbank (OeNB) held a high-level workshop labeled “The European Integration Process — A Changing Environment for National Central Banks” for an international audience. The workshop provided an overview of the changing role that national...

The article analyzes the consequences of national price regulation for newly developed medicines in the setting of a partially integrated EU-wide market for pharmaceuticals and strategic entry-decisions by pharmaceutical enterprises. EU member states can be seen as jointly contributing to...

The focus of this paper is the impact of European integration in the soft drinks industry. It is shown that the geographic level at which competition takes place has moved from the national to the European stage. We apply the new theory of industrial structure where the essential notion is that...

The expansion of the EC to include EFTA countries, and the greater provision of preferential access to protected EC markets for farmers in Eastern Europe's economies in transition, would have opposite effects on Europe's excess supply of food and on international food prices (assuming EC...

This paper develops a framework within which the impact of the proposed initiatives of the European Commission for creating an internal market for pharmaceuticals can be analysed. In a model of third-degree price discrimination, arbitrage between two markets and price controls through...

The potential linkage between international trade and economic growth is always at the core of large and intense debates amongst academic researchers and policy makers. Recently, the attention is increasingly moving towards the exporting-productivity relationship, acknowledging the important...

The paper analyzes the implications of some global trends and developments on the prospects of further European Union integration. The transfer of attributes from member states to community institutions is a long term process which has been confronted with numerous set-backs and re-launches. The...