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.

Autorentext

ERIK BERGLÖF Director of the Stockholm Institute of Transition Economics and East European Economies (SITE) at the Stockholm School of Economics, Sweden WILLIAM H. BRANSON John Foster Dulles Professor of International Affairs at Princeton University, USA FRITZ BREUSS Jean Monnet Professor of Economics at the University of Economics and Business Administration in Vienna, Austria FRANCISCO COVAS PhD student at the University of California, San Diego, USA DANIEL DAIANU Professor of Economics at the Academy of Economic Studies in Bucharest, Romania JORGE BRAGA DE MACEDO President of the OECD Development Centre, Paris, France VLADIMIR GLIGOROV Senior Economist at The Vienna Institute for International Economic Studies (WIIW), Austria OLEH HAVRYLYSHYN Executive Director at the Board of Directors of the IMF and Head of the CIS Department, USA MARIO HOLZNER Staff Economist at The Vienna Institute for International Economic Studies (WIIW), Austria DANUTA HÜBNER Minister for European Affairs, Warsaw, Poland ANDRÁS INOTAI Director General of the Institute for World Economy in Budapest GEORGE KOPITS Assistant Director, Fiscal Affairs Department, IMF, USA FERDINAND LACINA Consultant to Erste Bank der Oesterreichischen Sparkassen AG and Chairman of the Board of GiroCredit AG, Austria KAZIMIERZ LASKI Research Associate at The Vienna Institute for International Economic Studies (WIIW), Austria ERKKI LIIKANEN Commissioner at DG Enterprise, Belgium PATRICK A. MESSERLINProfessor of Economics at the Institut d'Etudes Politiques de Paris and Director of the Groupe d'Economie Mondiale de Sciences Po (GEM) LUIS CATELA NUNES Professor of Econometrics, Economics Faculty at Universidade Nova de Lisboa, Portugal SÁNDOR RICHTER Senior Economist at The Vienna Institute for International Economic Studies (WIIW), Austria JIM ROLLO Professor of Economics and Director of the Sussex European Institute at the University of Sussex, UK ROMAN RÖMISCH Staff Economist at The Vienna Institute for International Economic Studies (WIIW), Austria ANDRÉ SAPIR Professor of Economics at Institut d'Etudes Européennes, Université Libre de Bruxelles, Belgium GYÖRGY SURÁNYI Head for Central and East European Region operations of the Italian bank Banca Intesa, Italy ÁDÁM TÖRÖK Corresponding Member of the Hungarian Academy of Sciences and Professor of Economics at the University of Veszprém and the Budapest University of Technology and Economics, Hungary LOUKAS TSOUKALIS Jean Monnet Professor of European Organization at the University of Athens, Greece JÜRGEN VON HAGEN Professor of Economics and Director of the Center for European Integration Studies at the University of Bonn, Germany HELEN WALLACE Director of the Robert Schumann Centre for Advanced Studies at the European University Institute in Florence, Italy

Inhalt

List of Figures List of Abbreviations Notes on the Contributors Preface Introduction; M.Landesmann & D.K.Rosati PART I: MACROECONOMIC POLICY ISSUES Macroeconomic Policy and Institutions During the Transition to European Union Membership; W.H.Branson , J.Braga de Macedo & J.von Hagen Exchange Rate Policy in Central and Eastern Europe in the Context of EU Accession; G.Kopits PART II: SECTORAL ISSUES: TRADE POLICIES, COMPETITION POLICY AND FINANCIAL SECTOR REFORM European Trade Policies: Clouds on the Horizon?; P.A.Messerlin Preparing for EU Membership: Restructuring the Banking Sector in Hungary; G.Surányi EU Accession and the Evolution and Design of Competition Policy; A.Török PART III: THE ECONOMIC EFFECTS OF ENLARGEMENT Consequences of Accession: Economic Effects on CEECs; M.Landesmann & S.Richter The Political Millennium Event 'EU Enlargement' as an Economic Challenge; F.Breuss PART IV: EXPERIENCES OF PREVIOUS ACCESSIONS AND LESSONS FOR CEECS Lessons to be Learnt from Earlier Accessions; K.Laski & R.Römisch Moving the Escudo into the Euro; J.Braga de Macedo, L.C.Nunes & F.Covas The Experience of Greece: Delayed Adjustment; L.Tsoukalis PART V: GROWING DISPARITIES IN EUROPE The Impact of EU Enlargement on Economic Disparities in Central and Eastern Europe; D.K.Rosati Prospects for Further (South) Eastern EU Enlargement: From Divergence to Convergence?; V.Gligorov, M.Holzener & M.A.Landesmann The Impact of EU Enlargement on Countries Beyond the New Frontiers; O.Havrylyshyn PART VI: POLITICAL AND ECONOMIC CHALLENGES Political and economics challenges facing the 'New Europe'; H.Wallace , E.Liikanen , D.Hübner , D.Daianu , L.Tsoukalis , J.Rollo , E.Berglöf , M.Landesmann , A.Sapir & F.Lacina Index