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The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the...
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This chapter examines the macroeconomic benefits that membership of the Single Market has given to the 11 Baltics, Central and South Eastern European countries that joined the EU after 2004. We find that these EU11 countries have benefitted particularly from membership of the internal market...
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This chapter focuses on the measurement of institutional convergence in the new EU member states and four Southern … institutional convergence. We present a new method which is based on hard micro-level data. Our approach focuses on control of … poor performance of Southern European EU countries and show the considerable differences in institutional convergence …
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trend decline in carbon intensity. The convergence path of EU11 was unique among converging upper-middle-income countries in … this regard. In other parts of the world, convergence was coupled with increasing carbon intensity.The role of EU …
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