IDEAS home Printed from https://ideas.repec.org/p/ezo/ezppap/wp02.html
   My bibliography  Save this paper

The Eastward Enlargement of the Eurozone - State of the Art Report

Author

Listed:
  • Michael Bolle

    (Jean Monnet Centre of Excellence, Freie Universitaet Berlin)

  • José Caétano

    (Departemento de Economia, University of Évora)

  • Jaakko Kiander

    (Government Institute of Economic Research (VATT) Helsinki)

  • Vladimir Lavrac

    (Institute of Economic Research (IER) Ljubljana)

  • Renzo Orsi

    (Dipartemento di Scienze Economiche, University of Bologna)

  • Tiiu Paas

    (Oeconomicum, University of Tartu)

  • Katarzyna Zukrowska

    (Institute of International Studies, Warsaw School of Economics)

Abstract

European Monetary Union (EMU) and its enlargement to prospective members in central and eastern Europe is a politically highly desired process, given that everything works out smoothly. The future eurozone will show a much higher degree of heterogeneity than now. The CEEC are in the process of transition from a planned to a market economy. Despite considerable progress during the past decade, much remains to be done in economic, social, and political terms. However, it is important to note that monetary integration is not a stand alone project, but is preceded by the EU enlargement and its obligation to adopt the acquis communautaire. Both events will be mutually reinforcing: The acquis contains numerous rules and institutions to be followed or created by the prospective members, albeit enforcement will be a problem. The success of the eastward enlargement of the eurozone depends on these institutions and, thus, increases the costs of failure. On the other hand, a successfully introduced euro in the CEEC will facilitate the whole integration process.

Suggested Citation

  • Michael Bolle & José Caétano & Jaakko Kiander & Vladimir Lavrac & Renzo Orsi & Tiiu Paas & Katarzyna Zukrowska, 2002. "The Eastward Enlargement of the Eurozone - State of the Art Report," Eastward Enlargement of the Euro-zone Working Papers wp02, Free University Berlin, Jean Monnet Centre of Excellence, revised 01 Jan 2002.
    • Handle: RePEc:ezo:ezppap:wp02
    as

    Download full text from publisher

    File URL: http://www.ezoneplus.org/archiv/ezoneplus_wp_two.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Wilthagen, Ton, 1998. "Flexicurity: A new paradigm for labour market policy reform?," Discussion Papers, Research Unit: Labor Market Policy and Employment FS I 98-202, WZB Berlin Social Science Center.
    2. Jens H lscher, 2001. "Income Distribution and Convergence in the Transition Process," LIS Working papers 275, LIS Cross-National Data Center in Luxembourg.
    3. Heinemann, Friedrich, 2003. "The political economy of EU enlargement and the Treaty of Nice," European Journal of Political Economy, Elsevier, vol. 19(1), pages 17-31, March.
    4. Kittel, Bernhard, 2002. "EMU, EU enlargement, and the European Social Model: Trends, challenges, and questions," MPIfG Working Paper 02/1, Max Planck Institute for the Study of Societies.
    5. Michael Bolle & Hanns-Dieter Jacobsen, 2001. "New risks ahead: The eastward enlargement of the Eurozone," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 36(6), pages 298-304, November.
    6. Hans–Werner Sinn, 2002. "EU Enlargement and the Future of the Welfare State," Scottish Journal of Political Economy, Scottish Economic Society, vol. 49(1), pages 104-115, February.
    7. Filip Abraham, 1999. "A Policy Perspective on European Unemployment," Scottish Journal of Political Economy, Scottish Economic Society, vol. 46(4), pages 350-366, September.
    8. Hans-Werner Sinn, 2001. "Social Dumping in the Transformation Process?," NBER Working Papers 8364, National Bureau of Economic Research, Inc.
    9. Mark E. Schaffer & Gerard Turley, 2000. "Effective versus Statutory Taxation: Measuring Effective Tax Administration in Transition Economies," William Davidson Institute Working Papers Series 347, William Davidson Institute at the University of Michigan.
    10. Peter Spencer, 2001. "E-money: Will it Take Off?," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 2(1), pages 121-136, January.
    11. Grossman, Gene M & Helpman, Elhanan, 1994. "Protection for Sale," American Economic Review, American Economic Association, vol. 84(4), pages 833-850, September.
    12. Soskice, David, 1999. "The political economy of EMU: rethinking the effects of monetary integration on Europe," Discussion Papers, Research Unit: Economic Change and Employment FS I 99-302, WZB Berlin Social Science Center.
    13. Boeri, Tito & Brücker, Herbert, 2001. "Eastern Enlargement and EU-Labour-Markets: Perceptions, Challenges and Opportunities," IZA Discussion Papers 256, Institute of Labor Economics (IZA).
    14. Mr. Christian Keller & Mr. Peter S. Heller, 2001. "Social Sector Reform in Transition Countries," IMF Working Papers 2001/035, International Monetary Fund.
    15. Richard E. Baldwin & Joseph F. Francois & Richard Portes, 1997. "The costs and benefits of eastern enlargement: the impact on the EU and central Europe," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 12(24), pages 125-176.
    16. Frieden, Jeffry A., 1991. "Invested interests: the politics of national economic policies in a world of global finance," International Organization, Cambridge University Press, vol. 45(4), pages 425-451, October.
    17. Facchini, Giovanni & Willmann, Gerald, 2005. "The political economy of international factor mobility," Journal of International Economics, Elsevier, vol. 67(1), pages 201-219, September.
    18. Skaksen, Mette Yde & Sorensen, Jan Rose, 2001. "Should trade unions appreciate foreign direct investment," Journal of International Economics, Elsevier, vol. 55(2), pages 379-390, December.
    19. Kandogan, Yener, 2000. "Political economy of eastern enlargement of the European Union: Budgetary costs and reforms in voting rules," European Journal of Political Economy, Elsevier, vol. 16(4), pages 685-705, November.
    20. Schmitter, P.C. & Grote, J.R., 1997. "The Corporatist Sisyphus: Past, Present and Future," Papers 97/4, European Institute - Political and Social Sciences.
    21. Tito Boeri & Herbert Brücker, 2001. "Eastern Enlargement and EU Labour Markets," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 2(1), pages 49-68, January.
    22. Putnam, Robert D., 1988. "Diplomacy and domestic politics: the logic of two-level games," International Organization, Cambridge University Press, vol. 42(3), pages 427-460, July.
    23. Fischer, Ronald D., 2001. "The evolution of inequality after trade liberalization," Journal of Development Economics, Elsevier, vol. 66(2), pages 555-579, December.
    24. Tito Boeri & Joaquim Oliveira Martins, 2002. "Varieties, Jobs and EU Enlargement," Rivista di Politica Economica, SIPI Spa, vol. 92(1), pages 139-178, January-F.
    25. Alt, James E. & Carlsen, Fredrik & Heum, Per & Johansen, KÃ¥re, 1999. "Asset Specificity and the Political Behavior of Firms: Lobbying for Subsidies in Norway," International Organization, Cambridge University Press, vol. 53(1), pages 99-116, January.
    26. Abraham, Filip, 1999. "A Policy Perspective on European Unemployment," Scottish Journal of Political Economy, Scottish Economic Society, vol. 46(4), pages 350-366, September.
    27. Iversen, Torben & Soskice, David, 2001. "An Asset Theory of Social Policy Preferences," American Political Science Review, Cambridge University Press, vol. 95(4), pages 875-893, December.
    28. Oatley, Thomas & Nabors, Robert, 1998. "Redistributive Cooperation: Market Failure, Wealth Transfers, and the Basle Accord," International Organization, Cambridge University Press, vol. 52(1), pages 35-54, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Seda Ekmen Ozcelik, 2018. "The Potential Effects of TPP, TTIP and Trump's Tariffs on China's Competitiveness in the US Market," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 4(2), pages 95-115, December.
    2. Hanns-Dieter Jacobsen et. al, 2004. "Economic, Political, Institutional as well as Social Risks and Opportunities of EMU Enlargement," Eastward Enlargement of the Euro-zone Working Papers wp22, Free University Berlin, Jean Monnet Centre of Excellence, revised 01 Jun 2004.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Achim Kemmerling, 2003. "Regional Input on the Social Dimension of Ezoneplus: Belgium, The Netherlands, France, Austria, and Germany," Eastward Enlargement of the Euro-zone Working Papers wp13c, Free University Berlin, Jean Monnet Centre of Excellence, revised 01 Mar 2003.
    2. Renzo Orsi & Katarzyna Zukrowska, 2004. "Policy Advice: Markets and Policies," Eastward Enlargement of the Euro-zone Working Papers wp20, Free University Berlin, Jean Monnet Centre of Excellence, revised 01 Feb 2004.
    3. Annekatrin Niebuhr & Silvia Stiller, 2004. "Integration and Labour Markets in European Border regions," ERSA conference papers ersa04p29, European Regional Science Association.
    4. Fertig, Michael, 2003. "The Impact of Economic Integration on Employment - An Assessment in the Context of EU-Enlargement," RWI Discussion Papers 7, RWI - Leibniz-Institut für Wirtschaftsforschung.
    5. Natalia VECHIU, 2010. "Globalization and FDIs: determinants and competition effects in Central and Eastern European Countries," Working Papers 2010-2011_8, CATT - UPPA - Université de Pau et des Pays de l'Adour, revised Nov 2010.
    6. Jutta Gunther & Gresa Latifi & Judyta Lubacha-Sember & Daniel Tobelmann, 2017. "Scientific Cooperation in a German-Polish Border Region in the Light of EU Enlargement," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 11(1), pages 42-53.
    7. Natalia Vechiu, 2011. "Globalization and FDIs: determinants and competition effects in Central and Eastern European Countries," Working Papers hal-02948133, HAL.
    8. Jie Ma, 2017. "Double-edged incentive competition for foreign direct investment," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 24(2), pages 282-312, April.
    9. H.J. Roelfsema, 2004. "Legislative Bargaining and Lobbying in the European Union," Working Papers 04-16, Utrecht School of Economics.
    10. David Lake, 2009. "Open economy politics: A critical review," The Review of International Organizations, Springer, vol. 4(3), pages 219-244, September.
    11. Ethan B Kapstein, 2006. "Architects of stability? International cooperation among financial supervisors," BIS Working Papers 199, Bank for International Settlements.
    12. Deniz Aksoy, 2010. "Who gets what, when, and how revisited: Voting and proposal powers in the allocation of the EU budget," European Union Politics, , vol. 11(2), pages 171-194, June.
    13. de Arce, Rafael & Mahia, Ramon, 2008. "Determinants of Bilateral Immigration Flows Between The European Union and some Mediterranean Partner Countries: Algeria, Egypt, Morocco, Tunisia and Turkey," MPRA Paper 14547, University Library of Munich, Germany.
    14. Petreski Marjan & Petreski Blagica & Tumanoska Despina & Narazani Edlira & Kazazi Fatush & Ognjanov Galjina & Jankovic Irena & Mustafa Arben & Kochovska Tereza, 2017. "The Size and Effects of Emigration and Remittances in the Western Balkans. A Forecasting Based on a Delphi Process," Südosteuropa. Journal of Politics and Society, De Gruyter, vol. 65(4), pages 679-695, December.
    15. Zaporozhets, Vera & García-Valiñas, María & Kurz, Sascha, 2016. "Key drivers of EU budget allocation: Does power matter?," European Journal of Political Economy, Elsevier, vol. 43(C), pages 57-70.
    16. Ramon Pacheco Pardo, 2012. "Leadership, decision-making and governance in the EU and East Asia: crisis and post-crisis," Asia Europe Journal, Springer, vol. 9(2), pages 77-90, March.
    17. Paola Conconi & Giovanni Facchini & Max F. Steinhardt & Maurizio Zanardi, 2020. "The political economy of trade and migration: Evidence from the U.S. Congress," Economics and Politics, Wiley Blackwell, vol. 32(2), pages 250-278, July.
    18. Niebuhr, Annekatrin & Stiller, Silvia, 2006. "Integration and labour markets in European border regions," Zeitschrift für ArbeitsmarktForschung - Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 39(1), pages 57-76.
    19. Helpman, E., 1995. "Politics and Trade Policy," Papers 30-95, Tel Aviv - the Sackler Institute of Economic Studies.
    20. Jarko Fidrmuc & Peter Huber & Jan Jakub Michalek, 1999. "Poland's Accession to the European Union: Demand for Protection of Selected Sensitive Products," WIFO Working Papers 117, WIFO.

    More about this item

    Keywords

    EMU; EU enlargement; monetary integration; state of the art report;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ezo:ezppap:wp02. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefan Hohenberger (email available below). General contact details of provider: https://edirc.repec.org/data/ezonede.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.