Download or read book Macroeconomic Policies for EU Accession written by Erdem Basci and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: What macroeconomic requirements must Turkey meet in its quest to accede to the European Union? This book, with its distinguished contributors - well-known economists and policymakers - examines and analyses these macroeconomic challenges confronting Turkey. Although the focus is on the specific situation of Turkey, the lessons are informative for other candidate countries and the findings directly relevant to the process of European integration. The book is divided into four parts: fiscal policies and sustainability of public finances, monetary policy challenges, preconditions for euro adoption, sustainable regimes of capital movements. Each topic is studied in two consecutive papers concentrating first on the challenges faced by the countries of the EU, and then by Turkey. Several papers review the experiences from the previous round of EU accession and the implications of these for Turkey. Macroeconomic Policies for EU Accession will appeal to policymakers, bureaucrats and academics interested in the macroeconomic problems of EU accession and European integration.
Download or read book On the Fast Track to EU Accession written by Mr.Günther Taube and published by International Monetary Fund. This book was released on 1999-11-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the macroeconomic impact and policy challenges related to Estonia’s prospective accession to the EU and its potential adoption of the euro. Our analysis of the trade, financial, and fiscal channels includes a model-based illustrative scenario using MULTIMOD. We conclude that the welfare enhancing effects for Estonia of further EU integration are likely to outweigh the drawbacks of more pronounced macroeconomic imbalances that could accompany this process. To smooth Estonia’s accession-related adjustment, its fiscal and structural policies should be geared toward mitigating domestic demand pressures, promoting saving, and ensuring efficient public investment.
Download or read book Five Years After written by Mr.Martin Cihak and published by International Monetary Fund. This book was released on 2009-03-01 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proximity of the European Union, the prospect of membership, and actual entry by the New Member States (NMS) increased economic and financial integration in the region, leading to fast economic growth based on sizeable capital inflows. EU membership helped in developing sound macroeconomic and financial stability frameworks in the NMS. However, these frameworks remain work in progress and as such could not safeguard against private sector exuberance or risky policies, especially in the face of an unprecedented global financial crisis. Hence, more prudent policies and further strengthening of policy frameworks, especially with respect to financial stability, seem warranted.
Download or read book Turkey written by Bernard M. Hoekman and published by World Bank Publications. This book was released on 2005-06-20 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: What requirements must Turkey the largest country among the candidate and accession countries meet to join the European Union? What progress has been made toward meeting them? This timely volume analyzes the economic challenges confronting Turkey in its quest to accede to the European Union (EU). It focuses on the extent to which Turkey is ready to join the Single Market, comply with the EU's body of economic regulations and directives, the 'Acquis Communautaire', and meet the Maastricht criteria for fiscal, monetary, and exchange rate policies. This book also provides an assessment of Turkey's national program to meet the accession requirements. It describes briefly what Turkey needs to achieve on the economic policy front to satisfy the conditions for accession, the progress to date, and the likely consequences of implementing the full body of EU requirements. The book is divided into four parts: An analysis of the macroeconomic policies for EU accession An analysis of the effects of integration on key sectors: agriculture; manufacturing; services industries, including banking, telecommunications, transportation, and natural gas; and network industries An exploration of key economic policy challenges, including labor market regulation, foreign direct investment challenges, and the costs and benefits of meeting the EU environmental 'Acquis' The quantification of the impact of EU accession and consideration of the welfare effects of integration While the focus is on the specific situation of Turkey, the subject will be of value to all researchers with an interest in the challenges of deeper integration through regional agreements.
Download or read book Expenditure Policies Toward EU Accession written by Bernard Funck and published by World Bank Publications. This book was released on 2002-01-01 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Expenditure Policies Toward EU Accession' presents the set of public expenditures that could be conducive to rapid growth and convergence among the Central and Eastern European countries. This report assesses public expenditure policy objectives and provides best practice and lessons learned in designing expenditure reforms within these countries. It also highlights ways in which key expenditure programs such as education, environment, and transport can be redirected so as to be more fully supportive of growth objectives.
Download or read book The European Union and National Macroeconomic Policy written by James Forder and published by Psychology Press. This book was released on 1998 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Union and National Macroeconomic Policy examines the way in which the European Union has affected autonomy in the macro-economic policy making of the member states.
Download or read book Polish EU Accession in Comparative Perspective written by Piotr Jaworski and published by University of London School of Slavonic & East European Studies. This book was released on 2006 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Challenges with EU Accession in Southeastern Europe written by Piritta Sorsa and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reviews key macroeconomic challenges with EU accession in Southeastern Europe (SEE). Most of the countries in the region are years away from EU accession and need substantial progress to meet the key macroeconomic criteria - the establishment of a functioning market economy and macroeconomic stability. The former calls for further structural reforms. While macroeconomic stability is essential throughout the EU accession process, the importance of specific outcomes increases in the last stage of accession, when countries face decisions to apply for entry into the ERM2 and the Maastricht criteria (Bulgaria and Romania). The main challenges with establishing macroeconomic stability in other countries are related to sustainability of their monetary frameworks, risks from rapid financial deepening, and further fiscal consolidation to support growth and stabilization. Most of the SEE countries have room to lower public spending and increase the share of pro-growth spending.
Download or read book Enlarging the Euro Area written by Kenneth Dyson and published by OUP Oxford. This book was released on 2006-11-02 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to offer the first in-depth and systematic analysis of the challenges of the Euro Area and the eastward enlargement of the European Union. It focuses in particular on how the prolonged process of accession to the Euro Area is affecting domestic economic policies in the accession states of east central Europe. It contributes to Europeanization studies, comparative political economy and to studies of Economic and Monetary Union. It also provides a picture of processes of domestic transformation in such countries as the three Baltic States, Bulgaria, the Czech Republic, Hungary, Poland and Romania. The book brings together a range of recognized experts from across Europe and combines country and sectoral case studies with a thematic treatment. It begins by offering an 'outside-in' perspective, which situates the effects of EMU on the accession states in the wider context of the development of global economic norms. The second part focuses on an 'inside-out' analysis of how Euro Area accession affects the states of east central Europe - their policies, politics and public institutions. The final part assesses how Euro Area accession is affecting key policy sectors in east central Europe: financial market regulation, fiscal policies and welfare states and labour markets.
Download or read book Shaping the New Europe written by M. Landesmann and published by Springer. This book was released on 2004-04-30 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together contributions on the major economic policy issues which have opened up as a result of the immanent process of European Union Enlargement. The issues analyzed range from modelling and analyzing the costs and benefits of enlargement, to challenges for macroeconomic policy both at the EU level and in the new member countries to the state of affairs in the new member countries with respect to sectoral policy reforms such as those undertaken in the financial sector and in competition policy, and the impact of enlargement on Europe's trade policy agenda.
Download or read book Industrial and Regional Policies in an Enlarging EU written by David Bailey and published by Routledge. This book was released on 2014-10-20 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: After years of near ‘disrepute’ in official circles, Industrial Policy has made something of a comeback over the last few years and is now very much back on the agenda at national and EU levels, driven by concerns over globalisation, deindustrialisation, unemployment and perceived poor growth in the EU. Simultaneously, the European Commission’s Fourth Report on Economic and Social Cohesion has kicked off the debate over challenges to cohesion, the shape of EU Cohesion policy beyond 2013, and how resources should be managed. This debate will find added momentum with the imminent ‘mid-term’ review being launched by the Commission. Discussions over the success or not of the Lisbon Agenda, on-going debates over cluster policies, and recent developments in policy evaluation have also contributed to a burgeoning academic literature over the last eighteen months. This edited volume is especially pertinent given such developments and pulls together a diverse range of contributions from leading authorities in the field to add to these debates and to illustrate connections between them. This book was published as a special issue of Policy Studies.
Download or read book Euro Adoption by Accession Countries Macroeconomic Aspects of the Economic and Monetary Union written by Andreas Penzkofer and published by GRIN Verlag. This book was released on 2008-04 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2006 in the subject Economics - Macro-economics, general, grade: 1,0, Wayne State University (Department of Economics), course: Macroeconomics, 26 entries in the bibliography, language: English, abstract: On 1st May 2004 ten new member states joined the European Union (EU), e.g. Estonia, Poland and Slovenia. The countries won't adopt the euro as their new currency immediately, because they first have to show that their economies have converged with the economy of the euro zone. Presently, the efforts and opinions of the new members differ about the adoption of the single currency. For instance, the Slovenian Prime Minister Janez Jansa told the press in February 2006 that there "is nothing on the path ahead" that could endanger the euro adoption in 2007. The government pursues a tight fiscal policy to meet all entry requirements. Recently, it introduced a dual pricing - that means all prices of goods and services are marked in tolars as well as euros - to raise consumer awareness in the preparation for the euro adoption.1 Contrarily, other countries are skeptical. The leader of the Polish conservative party Jaroslaw Kaczynski said during a campaign that he "doesn't see any benefits in adopting the euro. Euro adoption would lead to lower exports, lower national income and higher unemployment." The Estonian Sirje Karu said in an interview, that "Estonians are scared. We heard that when Finland adopted the euro, it took them quite a while to get used to it and prices increased. The poorest suffered." Using this situation as a background, it is interesting to analyze the euro adoption by accession states. How does the adoption process work? When should the euro be introduced and what macroeconomic effects does it have?
Download or read book Growth and Cohesion in the European Union written by William Mitchell and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a critical review of current fiscal and monetary policy in Europe and presents results of both empirical research and a discussion of the theoretical framework behind the policy of the ECB and the Stability and Growth Pact.
Download or read book Macroeconomic Policy and Institutions During the Transition to European Union Membership written by William H. Branson and published by . This book was released on 1998 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: A framework is developed for macroeconomic policy analysis in four countries of Central Europe (CE) in transition to EU membership (Czech Republic, Hungary, Poland, and Slovakia). A Multi-Annual Fiscal Adjustment Strategy (MAFAS) and a Pre-Pegging Exchange Rate Regime (PPERR) appropriate for maintaining internal and external balance are described and evidence on budgetary procedures is presented, in comparison with those prevailing in EU member states. The comparison suggests that the four CE countries are better fit for fiscal stabilization than Greece, Spain and Portugal were in the 1970s. Nevertheless, there is still much room for institutional improvement. A stronger commitment mechanism to fiscal targets at the preparatory stage would improve fiscal performance in all four countries. The adoption of a kind of convergence program would also be made easier if some group procedures can be adopted among them. The four countries also appear to have moved closer to sustainability in their external and internal balance in the last few years so that a MAFAS and a PPERR become credible. The fact that they established CEFTA (which Slovenia since joined) also helps set them apart from other EU associates in the region.
Download or read book EU Enlargement and its Macroeconomic Effects in Eastern Europe written by H. Gabrisch and published by Springer. This book was released on 1999-01-29 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: What will joining the EU mean for the new Eastern member states and their economies? This book offers a detailed study of the macroeconomic and structural adjustment burden. It envisages a real currency appreciation stemming from price convergence, capital inflows and weak structural change. The widespread belief that an Eastern enlargement of the Union would be overwhelmingly to the detriment of the present EU (budgetary costs, locational decisions, trade deficits) is rejected. The authors discuss the lack of competitiveness of Eastern countries and their need for structural adjustments (in the financial sector, in agriculture, and in manufacturing) in order for them to survive and thrive in their new economic environment.
Download or read book Economic Dynamics in Transitional Economies written by Bruno Sergi and published by Routledge. This book was released on 2020-07-24 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn more about the transitional economies of Central and Eastern Europe! This book examines the economic dynamics of Central and Eastern European post-Communist countries. It illuminates the paths these countries are taking toward restructuring their markets, increasing international trade, and bettering their connections with the European Union and other countries. Beginning with a comparative analysis of the three “P-governments”—Pigouvian, Partizan, and Paternalistic—and continuing with a discussion of the interrelated political and economic difficulties of transition, author Bruno Sergi proposes a surprising solution. Inspired by the Bruxelles consensus, he proposes that the European Commission should become a fourth “P-government,” replacing the role formerly played by the Washington consensus in the restructuring of post-Communist economies. Economic Dynamics in Transitional Economies also explores: regional comparative macroeconomics the aftereffects of the Washington Consensus integration of Eastern and Western European economies interrelations between national and regional monetary activity political and economic policy reform involvement of European Union member countries We are living in historic times, and Economic Dynamics in Transitional Economies will be a welcome guide to the rough roads ahead. This thorough assessment of current political and economic realities will stimulate debate about new European paradigms, the role of the European Union, and the difficulties of post-Communist transition. These issues promise to be vital to the region’s success in the new century.
Download or read book The Baltic Countries written by Mr.Julian Berengaut and published by International Monetary Fund. This book was released on 1998-11-25 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are the three Baltic countries, Latvia, Estonia, and Lithuania, ready for accession to the European Union? Have their economies overcome the problems of transition? The answers to these questions and their implications for policy are provided in this collection of analyses. Rather than a country-by-country description, the volume provides a cross-country perspective of developments from 1994 through mid-1997. The seven sections of this paper discuss recent macroeconomic and structural policies, exchange rate regimes, fiscal issues, financial systems, private sector development, and accession to the European Union.