Macroeconomic Policies for EU Accession
Macroeconomic Policies for EU Accession

Author: Erdem Basci

Publisher: Edward Elgar Publishing

Published: 2007-01-01

Total Pages: 360

ISBN-13: 9781847205230

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What macroeconomic requirements must Turkey meet in its quest to accede to the European Union? This book, with its distinguished contributors - well-known economists and policymakers - examines and analyses these macroeconomic challenges confronting Turkey. Although the focus is on the specific situation of Turkey, the lessons are informative for other candidate countries and the findings directly relevant to the process of European integration. The book is divided into four parts: fiscal policies and sustainability of public finances, monetary policy challenges, preconditions for euro adoption, sustainable regimes of capital movements. Each topic is studied in two consecutive papers concentrating first on the challenges faced by the countries of the EU, and then by Turkey. Several papers review the experiences from the previous round of EU accession and the implications of these for Turkey. Macroeconomic Policies for EU Accession will appeal to policymakers, bureaucrats and academics interested in the macroeconomic problems of EU accession and European integration.

On the Fast Track to EU Accession
On the Fast Track to EU Accession

Author: Mr.Günther Taube

Publisher: International Monetary Fund

Published: 1999-11-01

Total Pages: 42

ISBN-13: 1451857381

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This paper assesses the macroeconomic impact and policy challenges related to Estonia’s prospective accession to the EU and its potential adoption of the euro. Our analysis of the trade, financial, and fiscal channels includes a model-based illustrative scenario using MULTIMOD. We conclude that the welfare enhancing effects for Estonia of further EU integration are likely to outweigh the drawbacks of more pronounced macroeconomic imbalances that could accompany this process. To smooth Estonia’s accession-related adjustment, its fiscal and structural policies should be geared toward mitigating domestic demand pressures, promoting saving, and ensuring efficient public investment.

Five Years After
Five Years After

Author: Mr.Martin Cihak

Publisher: International Monetary Fund

Published: 2009-03-01

Total Pages: 69

ISBN-13: 1451872151

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The proximity of the European Union, the prospect of membership, and actual entry by the New Member States (NMS) increased economic and financial integration in the region, leading to fast economic growth based on sizeable capital inflows. EU membership helped in developing sound macroeconomic and financial stability frameworks in the NMS. However, these frameworks remain work in progress and as such could not safeguard against private sector exuberance or risky policies, especially in the face of an unprecedented global financial crisis. Hence, more prudent policies and further strengthening of policy frameworks, especially with respect to financial stability, seem warranted.

Turkey
Turkey

Author: Bernard M. Hoekman

Publisher: World Bank Publications

Published: 2005-06-20

Total Pages: 404

ISBN-13: 0821360841

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What requirements must Turkey the largest country among the candidate and accession countries meet to join the European Union? What progress has been made toward meeting them? This timely volume analyzes the economic challenges confronting Turkey in its quest to accede to the European Union (EU). It focuses on the extent to which Turkey is ready to join the Single Market, comply with the EU's body of economic regulations and directives, the 'Acquis Communautaire', and meet the Maastricht criteria for fiscal, monetary, and exchange rate policies. This book also provides an assessment of Turkey's national program to meet the accession requirements. It describes briefly what Turkey needs to achieve on the economic policy front to satisfy the conditions for accession, the progress to date, and the likely consequences of implementing the full body of EU requirements. The book is divided into four parts: An analysis of the macroeconomic policies for EU accession An analysis of the effects of integration on key sectors: agriculture; manufacturing; services industries, including banking, telecommunications, transportation, and natural gas; and network industries An exploration of key economic policy challenges, including labor market regulation, foreign direct investment challenges, and the costs and benefits of meeting the EU environmental 'Acquis' The quantification of the impact of EU accession and consideration of the welfare effects of integration While the focus is on the specific situation of Turkey, the subject will be of value to all researchers with an interest in the challenges of deeper integration through regional agreements.

Expenditure Policies Toward EU Accession
Expenditure Policies Toward EU Accession

Author: Bernard Funck

Publisher: World Bank Publications

Published: 2002-01-01

Total Pages: 126

ISBN-13: 0821353683

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'Expenditure Policies Toward EU Accession' presents the set of public expenditures that could be conducive to rapid growth and convergence among the Central and Eastern European countries. This report assesses public expenditure policy objectives and provides best practice and lessons learned in designing expenditure reforms within these countries. It also highlights ways in which key expenditure programs such as education, environment, and transport can be redirected so as to be more fully supportive of growth objectives.

The European Union and National Macroeconomic Policy
The European Union and National Macroeconomic Policy

Author: James Forder

Publisher: Psychology Press

Published: 1998

Total Pages: 228

ISBN-13: 9780415141970

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The European Union and National Macroeconomic Policy examines the way in which the European Union has affected autonomy in the macro-economic policy making of the member states.

Macroeconomic Challenges with EU Accession in Southeastern Europe
Macroeconomic Challenges with EU Accession in Southeastern Europe

Author: Piritta Sorsa

Publisher:

Published: 2006

Total Pages: 0

ISBN-13:

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The paper reviews key macroeconomic challenges with EU accession in Southeastern Europe (SEE). Most of the countries in the region are years away from EU accession and need substantial progress to meet the key macroeconomic criteria - the establishment of a functioning market economy and macroeconomic stability. The former calls for further structural reforms. While macroeconomic stability is essential throughout the EU accession process, the importance of specific outcomes increases in the last stage of accession, when countries face decisions to apply for entry into the ERM2 and the Maastricht criteria (Bulgaria and Romania). The main challenges with establishing macroeconomic stability in other countries are related to sustainability of their monetary frameworks, risks from rapid financial deepening, and further fiscal consolidation to support growth and stabilization. Most of the SEE countries have room to lower public spending and increase the share of pro-growth spending.

Enlarging the Euro Area
Enlarging the Euro Area

Author: Kenneth Dyson

Publisher: OUP Oxford

Published: 2006-11-02

Total Pages: 400

ISBN-13: 0191515426

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This book seeks to offer the first in-depth and systematic analysis of the challenges of the Euro Area and the eastward enlargement of the European Union. It focuses in particular on how the prolonged process of accession to the Euro Area is affecting domestic economic policies in the accession states of east central Europe. It contributes to Europeanization studies, comparative political economy and to studies of Economic and Monetary Union. It also provides a picture of processes of domestic transformation in such countries as the three Baltic States, Bulgaria, the Czech Republic, Hungary, Poland and Romania. The book brings together a range of recognized experts from across Europe and combines country and sectoral case studies with a thematic treatment. It begins by offering an 'outside-in' perspective, which situates the effects of EMU on the accession states in the wider context of the development of global economic norms. The second part focuses on an 'inside-out' analysis of how Euro Area accession affects the states of east central Europe - their policies, politics and public institutions. The final part assesses how Euro Area accession is affecting key policy sectors in east central Europe: financial market regulation, fiscal policies and welfare states and labour markets.

Shaping the New Europe
Shaping the New Europe

Author: M. Landesmann

Publisher: Springer

Published: 2004-04-30

Total Pages: 444

ISBN-13: 0230523692

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This volume brings together contributions on the major economic policy issues which have opened up as a result of the immanent process of European Union Enlargement. The issues analyzed range from modelling and analyzing the costs and benefits of enlargement, to challenges for macroeconomic policy both at the EU level and in the new member countries to the state of affairs in the new member countries with respect to sectoral policy reforms such as those undertaken in the financial sector and in competition policy, and the impact of enlargement on Europe's trade policy agenda.