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The eastward enlargement of the euro-zone

Objective

The project assesses the impact of an eastward enlargement of EMU on developments both within the accession candidates in Central and Eastern Europe (CEE) and within the existing euro system. On the background of a comparative analysis which focuses on three CEE countries that belong to the first wave of EU applicants (Estonia, Poland, Slovenia) and four countries of the euro-zone (Finland, Germany, Italy, Portugal), the project analyses the accession process and the impact of the euro with respect to structural adjustment and fiscal responsibility, as well as political stability, by a close examination of capital markets, labour markets, trade and foreign direct investment, exchange rate regimes, fiscal and monetary policies, and the social dimension. The EU has an important role to play in providing political support and economic assistance to stabilise the transition process that will bring about the reshaping of the European economies.

Funding Scheme

CSC - Cost-sharing contracts

Coordinator

FREIE UNIVERSITAET BERLIN
Address
Ihnestrasse 21
14195 Berlin
Germany

Participants (6)

GOVERNMENT INSTITUTE FOR ECONOMIC RESEARCH
Finland
Address
Haemeentie, 3
Helsinki
INSTITUTE FOR ECONOMIC RESEARCH
Slovenia
Address
Kardeljewa Ploscad 17
1000 Ljubljana
UNIVERSIDADE DE EVORA
Portugal
Address
Largo Dos Colegiais 2
7000 Evora
UNIVERSITY OF BOLOGNA
Italy
Address
Piazza Scaravilli 2
40125 Bologna
UNIVERSITY OF TARTU
Estonia
Address
Narva Road 4
51009 Tartu
WARSAW SCHOOL OF ECONOMICS
Poland
Address
Rakowiecka 24
02 521 Warszawa