Synopses & Reviews
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.
Synopsis
Real convergence has gained substantial momentum in central, eastern and south-eastern Europe. Countries in these regions are all involved in the European integration process, either as recently joined EU member states, candidate countries, or potential candidates for membership. It has therefore become increasingly important to consider methods of catching up, to explore cross-country differences and to review key policy challenges for the convergence process. Through considering these issues in detail, prospects for future adoption of the euro can also be assessed.
This book brings together policymakers, high-level practitioners, academics, and experts from central banks and international institutions in order to explore the key policy challenges facing the convergence process. Contributions focus especially on inflation, growth, migration and the balance of payments. This book is an essential read for all scholars interested in the transition of central, eastern and south-eastern Europe, and in the process of EU integration and enlargement.
About the Author
REINER MARTIN studied Economics and Political Science at the Universities of Freiburg im Breisgau, Bristol and Sussex and holds a PhD from the Helmut-Schmidt University in Hamburg, Germany. He worked at the Centre for European Policy Studies in Brussels and the German Federal Ministry of Economics in Bonn. Since 1999 he has been working at the European Central Bank.
ADALBERT WINKLER studied Economics at the University of Trier, Germany and at Clark University. In 1994 he joined Internationale Projekt Consult, a consulting company specializing in development finance. Since 2001 he has been working at the European Central Bank. He also serves as a lecturer at the University of Würzburg.
Table of Contents
Introduction
Real Convergence in Central, Eastern And South-Eastern Europe; L.Bini Smaghi
Fast, but Sustainable? Challenges and Policy Options for the Catching-Up Process of Central and Eastern European Countries; J.Stark
Real Convergence in Central, Eastern And South-Eastern Europe; M.Morgese Borys, E.K.Polgár & A.Zlate
The Link Between Real and Nominal Convergence: The Case of the New EU Member States; S.Lein, M.Leon-Ledesma & C.Nerlich
Growth and Economic Policy: Are There Speed Limits to Real Convergence?; I.P.Székely & M.Watson
The Impact of Real Convergence on Migration and Labour Markets; H.Brücker
Real Convergence and the Balance of Payments; A.Banerji & J.Kähkönen Introduction
Real Convergence in Central, Eastern And South-Eastern Europe; L.Bini Smaghi
Fast, but Sustainable? Challenges and Policy Options for the Catching-Up Process of Central and Eastern European Countries; J.Stark
Real Convergence in Central, Eastern And South-Eastern Europe; M.Morgese Borys, E.K.Polgár & A.Zlate
The Link Between Real and Nominal Convergence: The Case of the New EU Member States; S.Lein, M.Leon-Ledesma & C.Nerlich
Growth and Economic Policy: Are There Speed Limits to Real Convergence?; I.P.Székely & M.Watson
The Impact of Real Convergence on Migration and Labour Markets; H.Brücker
Real Convergence and the Balance of Payments; A.Banerji & J.Kähkönen