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Euro area reform preferences of Central and Eastern European economic experts

Author

Listed:
  • Sebastian Blesse

    (ZEW – Leibniz Centre for European Economic Research)

  • Annika Havlik

    (ZEW – Leibniz Centre for European Economic Research
    University of Mannheim)

  • Friedrich Heinemann

    (ZEW – Leibniz Centre for European Economic Research
    University of Heidelberg)

Abstract

This study explores the positions of economic experts from Central and Eastern European (CEE) Member States in the euro reform debate. Given the dominant voices from French and German politicians and academics in the European discourse, there is an obvious neglect for the positions of CEE countries. Our study tries to fill this gap with a large survey among economic expert communities in all CEE countries conducted in spring 2019. We compare euro reform preferences to benchmarks of surveyed experts in France, Germany, and Italy. We discuss implications for the ongoing euro area reform with a particular focus on several non-euro members’ growing reluctance to introduce the common currency. We argue that only a balanced reform package that combines solidarity with debt self-responsibility could foster the euro’s appeal in the CEE region.

Suggested Citation

  • Sebastian Blesse & Annika Havlik & Friedrich Heinemann, 2021. "Euro area reform preferences of Central and Eastern European economic experts," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 48(1), pages 155-179, February.
    • Handle: RePEc:kap:empiri:v:48:y:2021:i:1:d:10.1007_s10663-020-09474-6
    DOI: 10.1007/s10663-020-09474-6
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    1. Benoit Dicharry & Lubica Stiblarova, 2023. "Positive externalities of the EU cohesion policy: Toward more synchronised CEE countries?," International Economics and Economic Policy, Springer, vol. 20(3), pages 485-508, July.

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    More about this item

    Keywords

    Euro reform debate; European Integration; Central and Eastern Europe; Expert survey;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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