Edited by Gertrude Tumpel-Gugerell and Peter Mooslechner
The main thrust of the book is that the sharing of mutual experiences is important for generating an acceptable policy mix, both at EU and national levels. The contributors highlight key financial issues, including the role of FDI and of foreign banks in the still ‘under-banked’ acceding countries, the re-launch of social security systems and the fiscal challenges of financing the catch-up process. They also examine the ongoing EU debate surrounding the application of the Stability and Growth Pact in Central and Eastern European Countries (CEECs) and go on to explore the contrasting evidence that some CEECs have shown more extensive privatisation efforts than some EU countries.
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- Introduction: structural reform and competitiveness – the position and future of an integrated Europe
- Chapter 1: The European strategy for economic and social modernization
- Chapter 2: Structural reforms – where does Europe stand today?
- Chapter 3: Structural reforms and competitiveness – will Europe overtake America?
- Chapter 4: An agenda for global economic growth –European challenges
- Chapter 5: Banking sector development in the Czech Republic
- Chapter 6: Foreign direct investment – the impact of foreign banks in Central and Eastern Europe
- Chapter 7: The banking system in the accession countries
- Chapter 8: The financial aspects of enlargement: some remarks
- Chapter 9: Financing of enlargement and catching up
- Chapter 10: Catching up and the growth factors – the state of play in Bulgaria
- Chapter 11: Twin deficits – implications of current account and fiscal imbalances for the accession countries
- Chapter 12: Pension reform: what lessons from Italy?
- Chapter 13: Adjusting welfare systems to ageing populations – challenges and experiences in OECD countries
- Chapter 14: The quest for modern pension system design
- Chapter 15: The impact of international migration on welfare and the welfare state in an integrated Europe
- Chapter 16: Fiscal policy challenges of EU accession for the Baltics and Central Europe
- Chapter 17: Tax structures in transition economies in a comparative perspective with EU member states
- Chapter 18: Taxation in the European Union – the harmonization issue
- Chapter 19: Assessing the smoothing impact of automatic stabilizers – evidence from Europe
- Chapter 20: The case of privatization of network utilities
- Chapter 21: Foreign direct investment in CEECs and the position of the electricity, gas and water distribution sector
- Chapter 22: The role of foreign direct investment in Poland's enterprise sector reform
- Chapter 23: Trajectories towards the euro and the role of ERM II
- Chapter 24: An adequate macroeconomic policy mix in EMU?
- Chapter 25: Exchange rates and long-term interest rates in Central Europe – how do monetary and fiscal policies affect them?
- Chapter 26: Introductory remarks: the keys to a successful future of EMU
- Chapter 27: Europe in 2020 Â… globalization challenge and/versus regional responses?
- Chapter 28: Europe - towards economic stability and prosperity?
- Chapter 29: The 'new Europe' looking ahead to 2020