Author: Nils BjörkstenPublisher:
ISBN:
Category : Convergence (Economics)
Languages : en
Pages : 52
Book Description
Economic Catching Up in the Enlarged Euro Area
Author: Nils BjörkstenPublisher:
ISBN:
Category : Convergence (Economics)
Languages : en
Pages : 52
Book Description
Economic catching up in the enlarged Euro area
Author: Publisher:
ISBN:
Category : European Monetary Union
Languages : it
Pages : 26
Book Description
Five Years of an Enlarged EU
Author: Filip KeeremanPublisher: Springer Science & Business Media
ISBN: 3642125166
Category : Business & Economics
Languages : en
Pages : 275
Book Description
The Fifth Enlargement that took place in 2004 and 2007 was a milestone in the history of the European Union. Not only because of the large number of acceding countries but also because of their recent political and economic experience. Ten of them had undergone a profound transition from a totalitarian regime to democracy, and from a centrally planned economy to a market-based system. Most of them had income levels signi?cantly below those of the then EU-15. Now, 6 years later, we can clearly see that the process of European integration, both before and after 2004, was what enabled Europe to overcome the gaps between various parts of the continent. The enlargement made Europe a better and wealthier place and streng- ened its position in the world. Integration into the European Union has always been one of the strongest incentives for reform in the new Member States. Particularly important in my view have been the development of ?nancial markets through foreign direct investment and capital in?ows, and the opening of labour markets – which was a two-way phenomenon, with markets being opened up in acceding as well as the incumbent Member States. The Fifth Enlargement was thus an exercise of glo- lisation in miniature, a practice run for the Union to tackle the challenges of the ever smaller world.
The EU and the Economies of the Eastern European Enlargement
Author: Alberto Quadrio CurzioPublisher: Springer Science & Business Media
ISBN: 3790820342
Category : Business & Economics
Languages : en
Pages : 200
Book Description
The enlargement of the European Union towards the East from May 2004 has generated an increase of about 100 million inhabitants in the EU population, and has especially brought along major challenges and important opportunities both for the "new" countries and for the "old" member states. That is the main focus of this volume, which is divided into three sections. The first analyses the effects of the enlargement on the functioning of Community institutions, on the relations with the other Eastern European countries, and finally on regional and global economic dynamics; the second section analyses in detail the role of the monetary politics of the European Central Bank and the activities of the European Bank for Reconstruction and Development; and the third deals with the importance of the entrepreneurial class in ensuring the success of the transition process of the Eastern European economies.
Economic Convergence and Divergence in Europe
Author: Gertrude Tumpel-GugerellPublisher: Edward Elgar Publishing
ISBN: 9781781951286
Category : Business & Economics
Languages : en
Pages : 498
Book Description
Recoge : 1. Introductory session. - 2. Past convergence within the European Union. - 3. Accesion countries : achievements in real convergence. - 4. Accesion countries : how to balance real and nominal convergence challenges for monetary and exchange rate policy. - 5. Does the financial sector contribute to real growth? - 6. Is there somebody left out in the cold? prospects of CEE countries other than current accesion countries. - 7. Policy challenges within the (enlarged) EU : how to foster economic convergence?
Euro Area Enlargement and Euro Adoption Strategies
Author: Publisher:
ISBN: 9789639796423
Category :
Languages : en
Pages :
Book Description
The paper discusses the risks and challenges faced by the new members on the road to the euro and the strategies for and timing of euro adoption. We investigate the real-nominal convergence nexus from the perspective of euro area entry. We argue that the initial level of economic development as measured by per capita income and the speed of real convergence have a bearing on the strategies to follow and on the timing of entry into euro area. This is because the lower is the per capita income, the larger is the price level gap to close and the greater is the danger of credit booms and overheating. We argue that inflation targeting with floating rates is better suited than hard pegs to manage the price level catching-up process. We suggest a modification in the Maastricht inflation criterion which as currently defined has lost its economic logic. -- euro area ; convergence ; exchange rate ; inflation
Real Convergence in the Enlarged Euro Area
Author: Nils BjörksténPublisher:
ISBN:
Category : Convergence (Economics)
Languages : en
Pages : 42
Book Description
Europe's Growth Champion
Author: Marcin PiatkowskiPublisher: Oxford University Press
ISBN: 0198789343
Category : Business & Economics
Languages : en
Pages : 397
Book Description
What makes countries rich? What makes countries poor? Europe's Growth Champion: Insights from the Economic Rise of Poland seeks to answer these questions, and many more, through a study of one of the biggest, and least heard about, economic success stories. Over the last twenty-five years Poland has transitioned from a perennially backward, poor, and peripheral country to unexpectedly join the ranks of the world's high income countries. Europe's Growth Champion is about the lessons learned from Poland's remarkable experience, the conditions that keep countries poor, and the challenges that countries need to face in order to grow. It defines a new growth model that Poland and its Eastern European peers need to adopt to grow and catch up with their Western counterparts. Poland's economic rise emphasizes the importance of the fundamental sources of growth- institutions, culture, ideas, and leaders- in economic development. It demonstrates that a shift from an extractive society, where the few rule for the benefit of the few, to an inclusive society, where many rule for the benefit of many, can be the key to economic success. *IEurope's Growth Champion asserts that a newly emerged inclusive society will support further convergence of Poland and the rest of Central and Eastern Europe with the West, and help to sustain the region's Golden Age. It also acknowledges the future challenges that Poland faces, and that moving to the core of the European economy will require further reforms and changes in Poland's developmental character.
Five Years of an Enlarged EU
Author: European Commission. Directorate-General for Economic and Financial AffairsPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 260
Book Description
Recoge: 1. introduction - 2. Five years in the EU: achievements and experiences - 3. Goods and services in an enlarged EU - 4. Capital markets in an enlarged EU - 5. The free movement of labour in an enlarged EU - 6. Integrating in the EU or in the world - 7. Enlargement and the EU policy framework.
Real Convergence in Central, Eastern and South-Eastern Europe
Author: R. MartinPublisher: Springer
ISBN: 0230235433
Category : Business & Economics
Languages : en
Pages : 221
Book Description
This book brings together policymakers, high-level practitioners, academics, and experts from central banks and international institutions in order to review key policy challenges for convergence in the region of central, eastern and south-eastern Europe. Contributions focus especially on inflation, growth, migration and the balance of payments.