This paper extends the work of Kaminsky and Schmukler (2003) to the Baltic and Central Eastern European future Member States of the European Union, to test if the same short-run increase in cyclical volatility arising from financial integration is observed in this specific sample of ?emerging...

The notion of flexicurity was introduced in the 1990s to promote a better job security and social security of atypically employed (other than permanent full-time). The given paper suggests an operational definition of flexicurity which implies the corresponding flexicurity index. For analytical...

Die Grundzüge der Wirtschaftspolitik formulieren die Antwort der EU-Regierungen und der Kommission auf die Wachstums- und Beschäftigungsschwierigkeiten in Europa. Obwohl damit seit mehr als zehn Jahren ein wirtschaftspolitisches Konzept für die Europäische Union vorliegt, haben die dort...

The notion of flexicurity was introduced in the late 1990s. It promotes the idea of compensation of deregulation of labour markets (= flexibilization) by advantages in employment and social security, in particularly for flexibly employed (other than permanent full-time, called also atypically...

The composite indicator "Quality of work" for comparing European countries is constructed from data of the Third European Survey on Working Conditions. The main findings are as follows: (a) European countries differ with respect to working conditions statistically more significantly than with...

A composite indicator Working conditions for comparing European countries is constructed from data of the Third European Survey on Working Conditions. The main findings are as follows: (a) European countries differ with respect to working conditions statistically more significantly than with...

The social security systems in 22 European countries are evaluated with a specially constructed indicator. It is based on a census-simulating model which combines both empirical (statistical) and normative (rule-based) approaches. The individual answers of unemployed on social security benefits...

In various European legal acts the Council has delegated power to the Commission to set common policy, conditional on specific procedural requirements, which are commonly known as "comitology". In this paper we analyse whether and how far these implementation procedures help to overcome a...

This paper discusses the incentive conflicts that arise in banking supervision in the EU in a principal-agent framework, where the regulator is the agent and the taxpayers is the principal. The regulatory agent in addition to maintaining financial stability (the objective of the principal) may...

Drawing on recent work on the creation and breakup of countries, this paper examines the impact of economic and political integration on the vertical government structure. It argues that by increasing the market size and the benefits from the decentralized provision of public goods, integration...