Download or read book Convergence in Emerging Europe written by Athanasios Vamvakidis and published by . This book was released on 2013 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emerging European economies have been converging rapidly towards the more advanced European economies in recent years. However, large external imbalances in parts of the region have raised questions about sustainability and concerns about vulnerabilities. Empirical evidence in this paper suggest that the convergence trend of emerging Europe is based on strong fundamentals and is expected to continue, but at a slower pace. Moreover, the convergence path may be volatile as countries with large external imbalances adjust, with risks of a hard landing in some cases.
Download or read book Real Convergence in Central Eastern and South Eastern Europe written by R. Martin and published by Springer. This book was released on 2009-02-27 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Economic Convergence and Divergence in Europe written by Gertrude Tumpel-Gugerell and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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?
Download or read book Does EU Membership Facilitate Convergence The Experience of the EU s Eastern Enlargement Volume I written by Michael Landesmann and published by Springer Nature. This book was released on 2021-02-11 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume analyses how EU membership influenced the convergence process of member countries in the Baltics, Central-Eastern and South-Eastern Europe. It also explores countries that are candidates for future EU membership. The speed of convergence of significant groups of low- and medium-income countries has never been as fast globally as it is today. Contributions by lead researchers of the area explore whether these countries are converging faster than their fundamentals and global trends would suggest because of EU membership, with its much tighter institutional and political anchorage
Download or read book Finance and Convergence written by Rudolfs Bems and published by . This book was released on 2009 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper singles out the key short-term risks and medium-term challenges related to finance and convergence in emerging Europe. With the help of a general equilibrium theoretical framework, the paper identifies pragmatic directions for policymakers. While the quot;speed limitsquot; to capital inflows may be hard to determine, the costs of breaking them are likely substantial. To ensure quot;safe driving,quot; policymakers ought to build buffers and reduce vulnerabilities. Equally important, yet often overlooked, is the need to prepare for quot;the curve aheadquot; - the reversal of external current account imbalances. To avoid painful adjustments, flexible factor markets and strong financial systems will be more important than ever.
Download or read book Finance and Convergence What s Ahead for Emerging Europe written by Rudolfs Bems and published by International Monetary Fund. This book was released on 2007-11 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper singles out the key short-term risks and medium-term challenges related to finance and convergence in emerging Europe. With the help of a general equilibrium theoretical framework, the paper identifies pragmatic directions for policymakers. While the "speed limits" to capital inflows may be hard to determine, the costs of breaking them are likely substantial. To ensure "safe driving," policymakers ought to build buffers and reduce vulnerabilities. Equally important, yet often overlooked, is the need to prepare for "the curve ahead"-the reversal of external current account imbalances. To avoid painful adjustments, flexible factor markets and strong financial systems will be more important than ever.
Download or read book Convergence and System Change written by Bruno Dallago and published by Dartmouth Publishing Company. This book was released on 1991 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses the concept of convergence of capitalist and socialist economics towards one uniform system, in the light of the events of the period from end-1989 to end-1991.
Download or read book Real Convergence Financial Markets and the Current Account written by Sabine Herrmann and published by . This book was released on 2008 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper examines the relevance of financial market characteristics for explaining the catching-up process in Europe and Asia. Global financial integration has been associated with divergent patterns of real convergence and the current account in emerging markets. While countries in emerging Asia have been running sizeable current account surpluses, countries in emerging Europe have been facing large current account deficits. In this paper we test for the relevance of financial market characteristics in explaining this divergence in the catching-up process in Europe and Asia. We assume that the two regions constitute distinct convergence clubs, with the euro area and the United States respectively at their core. In line with the theoretical literature, we find that better developed and more integrated financial markets increase emerging markets' ability to borrow abroad. Moreover, the degree of financial integration within the convergence clubs - as opposed to the state of financial integration in the global economy - and the extent of reserve accumulation are significant factors in explaining the divergent patterns of real convergence and the current account in the regions under review."--Document home p.
Download or read book Europe as a Convergence Engine Heterogeneity and Investment Opportunities in Emerging Europe written by Aleksandar Stojkov and published by . This book was released on 2017 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides empirical evidence that countries in emerging Europe reaped the benefits of international financial integration over the past 12 years by attracting sizeable foreign capital inflows and accelerating medium-term growth. But the aggregate pattern masks substantial heterogeneity across countries; namely, new European Union member states and the European Union candidate countries are different from the European Union neighborhood. The growth benefits are supported from both a flow and a stock perspective in terms of the link between foreign savings and growth. While foreign savings might in part substitute for national savings, the analysis finds that the channel to high growth in these countries is, primarily, through making possible the pursuit of investment opportunities that would otherwise remain unfunded; in turn, this seems to be intimately linked to the opportunities created by European Union membership. Although this conclusion does not disappear if the outlier observations of the credit boom period that preceded the financial crisis are dropped from the sample, it does suggest that these excesses did not play as positive a role for growth.
Download or read book Does EU Membership Facilitate Convergence The Experience of the EU s Eastern Enlargement Volume I written by Michael Landesmann and published by Palgrave Macmillan. This book was released on 2021-02-19 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume analyses how EU membership influenced the convergence process of member countries in the Baltics, Central-Eastern and South-Eastern Europe. It also explores countries that are candidates for future EU membership. The speed of convergence of significant groups of low- and medium-income countries has never been as fast globally as it is today. Contributions by lead researchers of the area explore whether these countries are converging faster than their fundamentals and global trends would suggest because of EU membership, with its much tighter institutional and political anchorage
Download or read book Innovation Inclusion and Integration written by Pradeep Mitra and published by World Bank Publications. This book was released on 2008-01-01 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: It will be of particular interest to policy makers, government officials, researchers, and economists interested in fostering inclusive economic growth in the countries of the region and their deeper integration into the global economy."--BOOK JACKET.
Download or read book Does EU Membership Facilitate Convergence The Experience of the EU s Eastern Enlargement Volume II written by Michael Landesmann and published by Palgrave Macmillan. This book was released on 2021-02-19 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume analyses the channels through which EU membership contributed to the convergence process of member countries in the Baltics, Central-Eastern and South-Eastern Europe. These channels include trade, investment, finance, labour, and laws and institutions. Global integration has certainly played an important role. A large part of FDI flows and financial integration in the world have been persistent features of globalization. Have these countries experienced more intensive integration through these channels because of EU membership, with its much tighter institutional and political anchorage, than their fundamentals and global trends would suggest? Contributions by lead researchers of the area address different aspects of this question. .
Download or read book From Crisis to Recovery written by T. Bracke and published by Springer. This book was released on 2012-09-18 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emerging Europe has suffered a severe economic crisis in recent years, and is only gradually recovering; the prospects for a convergence with the rest of the EU are still uncertain. In this book policymakers, high-level practitioners and experts from central banks identify the main reasons for the crisis and the challenges for the recovery process.
Download or read book On the Verge of Convergence written by Henryk Doma?ski and published by Central European University Press. This book was released on 2000-01-01 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Applying the Erikson-Goldthorpe classification of class positions, Domanski presents fully comparable data to enable political comparisons to be made with other countries, especially those with firmly established free-market economies."--BOOK JACKET.
Download or read book The New Political Economy of Emerging Europe written by László Csaba and published by Akademiai Kiads. This book was released on 2007 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this second, revised, and extended edition, the evolution of emerging Europe is analyzed against the background of major changes in the constitutional, fiscal, regional, and neighborhood policies of the European Union. The book provides an overview of the economic challenges in the post-transition period when the Communist past is no longer a defining feature of development. Interpreting successes and failures in a single analytical frame, the book is devoted to the new agenda faced by middle income countries in the double challenge of globalization and Europeanization. It analyzes if, when, and to what degree joining the European Union provides a solution, and how new members can contribute to the Lisbon Strategy of the EU. The book finds that solid finances, reliance on foreign direct investment, public policies committed to the public purpose rather than to vested interest, and impartial regulation and enforcement of rule of law are among the major components of success. It also
Download or read book IMF Working Papers written by Athanasios Vamvakidis and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Real Convergence in Central Eastern and South eastern Europe written by and published by . This book was released on 2018 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses real income convergence in central, eastern and south-eastern Europe (CESEE) to the most advanced EU economies between 2000 and 2016. The relevance of this topic stems both from the far-reaching implications of real income convergence for economic welfare and the importance of convergence for economic and monetary integration with, and within the European Union. The paper establishes stylised facts of convergence, analyses the drivers of economic growth and identifies factors that might explain the differences between fast- and slow-converging economies in the region. The results show that the most successful CESEE economies in terms of the pace of convergence share common characteristics such as, inter alia, a strong improvement in institutional quality and human capital, more outward-oriented economic policies, favourable demographic developments and the quick reallocation of labour from agriculture into other sectors. Looking ahead, accelerating and sustaining convergence in the region will require further efforts to enhance institutional quality and innovation, reinvigorate investment, and address the adverse impact of population ageing.
