Southeastern Europe and the Euro area - The Euroization debate

This article analyzes the theoretical and practical aspects of the unilateral euroization approach. It focuses on the degree of integration between the transition Balkan countries and the European Union (EU) and its implications for monetary and exchange rate policy. It includes an analysis that concentrates on the concept of unilateral euroization and especially the changes in the national monetary order it implies. The potential benefits and costs for the countries of Southeast Europe are discussed. A comparison is attempted between euroization and the currency board arrangement. The EU position regarding unilateral euroization by non-EU members is discussed. Attention is given to the potential paths for implementing euroization. The main findings are summarized and an attempt is made to answer the question of whether the Balkans should euroize

Southeastern Europe and the Euro area

This article analyzes the theoretical and practical aspects of the unilateral euroization approach. It focuses on the degree of integration between the transition Balkan countries and the European Union (EU) and its implications for monetary and exchange rate policy. It includes an analysis that concentrates on the concept of unilateral euroization and especially the changes in the national monetary order it implies. The potential benefits and costs for the countries of Southeast Europe are discussed. A comparison is attempted between euroization and the currency board arrangement. The EU position regarding unilateral euroization by non-EU members is discussed. Attention is given to the potential paths for implementing euroization. The main findings are summarized and an attempt is made to answer the question of whether the Balkans should euroize

The European Union's Balkan development policy

After more than a decade of cooperation between the European Union and the formerly socialist Balkan countries, the latter-in stark contrast to a number of other ex-socialist countries-are characterised by severe transition problems, poor economic conditions, political instability and proneness to military conflict. Against this background, our author evaluates the EU's past and present Balkan development policies, concluding with some suggestions towards a new strategy of cooperation. © 2001 HWWA and Springer-Verlag

Die neuere Diskussion ueber den Zusammenhang von Wechselkursflexibilitaet und Inflation

SIGLEBibliothek Weltwirtschaft Kiel B 218714 / FIZ - Fachinformationszzentrum Karlsruhe / TIB - Technische InformationsbibliothekDEGerman

Greek–Turkish relations and the Kantian democratic peace theory

Since the late 1990s, Greek–Turkish relations have undergone significant transformation. Both countries have reengineered their relations towards one another, and Turkey's candidature for EU membership has been an important factor in this transformation. The aim of this article is to examine the shift that has taken place in Greek–Turkish relations through the prism of the Kantian democratic peace theory. A conceptual discussion of the democratic peace theory is followed by a comparative analysis of the political, economic and institutional variables in the case of Greece and Turkey, and a presentation of the progress that has been achieved in many aspects of the bilateral relationship. Given the nature of the unresolved issues that continue to render Greek–Turkish relations vulnerable, the authors conclude that ‘issue management’ will most likely characterize bilateral relations in the short to medium term, hoping that the trends of economic and social exchange, cooperation and interdependence will continue on their current upward path