EU Enlargement and its Macroeconomic Effects in Eastern Europe: Currencies, Prices, Investment and Competitiveness / Edition 1

by H. Gabrisch, R. Pohl

Overview

The contributors to this volume discuss the lack of competitiveness of Eastern countries and their need for structural adjustment. The main issues considered are the problem of price convergence in integrated markets, the positive approach to foreign capital inflows, the problem of the current account deficit and the direction of strucural change. The book consists of a wide range of theoretical approaches--from supply-side to more demand-side orientations.

Product Details

ISBN-13:	9780312220402
Publisher:	Palgrave Macmillan UK
Publication date:	01/29/1999
Series:	Studies in Economic Transition
Edition description:	1999
Pages:	227
Product dimensions:	5.51(w) x 8.50(h) x 0.03(d)

About the Author

Hubert Gabrisch is Head of the Central and East European Division and Rüdiger Pohl is President of the Institute for Economic Research Halle.

Table of Contents

Acknowledgements Introduction Notes on Contributors to the Volume PART I: PRICE CONVERGENCE, DEMAND AND GROWTH Effects of Accession to the EU on Prices, Wages and Aggregate Demand in CEE Countries; H.Gabrisch Macroeconomic Problems of Trade Liberalisation and EU Eastern Enlargement; K.Laski Non-Tradable Goods and Deviations Between Purchasing Power Parities and Exchange Rates: Evidence from the 1990 European Comparison Project; L.Podkaminer PART II: EXCHANGE RATE SYSTEMS, CAPITAL AND TRANSFER INFLOWS Real Exchange Rates and Growth After the EU Accession: the Problems of Transfer and Capital Inflow Absorption; W.M.Orlowski Capital Inflows and Convertibility in the Transforming Economies of Central Europe; L.T.Orlowski Exchange Rate Policy, Fiscal Austerity and Integration Prospects: The Hungarian Case; J.Hölscher and J.Stephan

Editorial Reviews

'This book reads well and provides interesting theoretical and empirical material on possible consequences of future enlargement. ' - Dariusz Rosati, National Bank of Poland

'This valuable collection of papers makes a real contribution in edging the enlargement debate towards relatively under-played considerations. It asks us to reconsider the funamental issue of whether it is economically sensible for CEECs to be steering a course almost on automatic pilot towards Brussels and the acquis.' - George Blazyca, European Foreign Affairs

From the Publisher