Euro area reform preferences of Central and Eastern European economic experts

Blesse, Sebastian; Havlik, Annika; Heinemann, Friedrich

doi:10.1007/s10663-020-09474-6

Cited by 3 publications

(1 citation statement)

References 17 publications

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“…The main findings of the study conducted by Blesse et al (2020) suggest that the experts form the CEE states are more cautious with respect to more coordination and centralization from the European Union part, due to the pressure of the monetary policy established by the European Central Bank to the successful adaptation to the Euro Area. Analyzing ten Central and Eastern European countries from the former Communist regime block in the context of Economic and Monetary Union (EMU) enlargement, Raileanu Szeles and Marinescu (2010) suggest that "the conditional convergence in the CEE region becomes more powerful when Romania is included in the model" (p. 195), considering the values of GDP per capita coefficients.…”

Section: Introductionmentioning

confidence: 99%

The Assessment of the Convergence Criteria in Romania, on the Path Towards Euro Adoption

Schipor¹,

Duhnea²

2022

AAK

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Section: Introductionmentioning

confidence: 99%

The Assessment of the Convergence Criteria in Romania, on the Path Towards Euro Adoption

Schipor¹,

Duhnea²

2022

AAK

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Positive externalities of the EU cohesion policy: Toward more synchronised CEE countries?

Dicharry,

Stiblarova

2023

Int Econ Econ Policy

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The aim of this paper is to examine the role of the payments from the European Cohesion Policy (ECP) in the business cycle synchronisation of the EU–28 countries in the time period 2000–2016. The emphasis is especially placed on the Central and Eastern European (CEE) countries, given their status as the biggest ECP recipients; we investigate whether the ECP can serve as an instrument to promote their synchronisation which presents one of the prerequisites for the adoption of common monetary policy in the Economic and Monetary Union (EMU). By applying a panel instrumental variables estimation, our results suggest that the ECP provides a positive externality regarding increased synchronicity in the EMU, suggesting that the ECP should be further strengthened to foster business synchronicity in the Euro Area. Further analysis reveals that the systematically identified driving forces are the European Regional Development Fund (ERDF) and the Cohesion Fund (CF). The current European recovery plan ‘Next Generation EU’ could, therefore, have a promoting effect on the EMU’s monetary policy if it is designed as an additional structural investment fund promoting financial and trade integration.

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France in the EU Economic System: The Peerless Second

Butorina

2024

Vestnik MGIMO-universiteta

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France and Germany have historically played pivotal roles in formulating and advancing the economic policy of the European Union. The conceptual frameworks of German ordoliberalism and French dirigisme underpin the dual foundations of European economic integration. The United Kingdom’s departure from the EU has reconfigured the composition of the Union’s core, amplifying Germany’s significance. This shift simultaneously elevates the Franco-German partnership while rendering France’s position within the Union increasingly contingent upon its tangible economic strength. This article seeks to examine the evolving role of France within the EU’s economic architecture, identify critical long-term trends, and forecast possible realignments in the balance of power within EU economic governance. The analysis includes an overview of France’s intellectual and executive contributions to European economic and monetary policies, followed by a comparative assessment of international statistical data, emphasizing GDP dynamics, demographic trends, per capita income, trade balance, and R&D investment.The findings reveal that, despite being the EU’s second-largest economy, France has exerted a disproportionate influence on the Union’s economic governance, surpassing that of any other member state. French representation in the upper echelons of EU economic and financial policymaking has been unmatched. In the contemporary geopolitical landscape, French dirigisme is experiencing a resurgence of relevance.Nevertheless, France’s share of the EU’s overall GDP has been progressively declining, even as its demographic contribution to the Union has grown. With respect to per capita income, France ranks 10th among EU member states, marking the lowest position among the core economies. The aftermath of the global financial crisis and the eurozone debt crisis has led to a significant erosion of France’s international competitiveness. Should these trends persist, projections indicate that France’s GDP per capita will fall below the EU average by the end of the decade, potentially signaling a shift from core to semi-peripheral status. This development would exacerbate the asymmetry within the Franco-German axis, complicating efforts to recalibrate EU economic governance and policy direction.

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Euro area reform preferences of Central and Eastern European economic experts

Cited by 3 publications

References 17 publications

The Assessment of the Convergence Criteria in Romania, on the Path Towards Euro Adoption

The Assessment of the Convergence Criteria in Romania, on the Path Towards Euro Adoption

Positive externalities of the EU cohesion policy: Toward more synchronised CEE countries?

France in the EU Economic System: The Peerless Second

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