Edited by Ewald Nowotny, Governor, Doris Ritzberger-Grünwald, Director and Helene Schuberth, Head of Division, Oesterreichische Nationalbank, Austria
Amid formidable challenges, Europe’s future depends not least on the capacity of its economies to converge toward their better performing peers. Dissecting the complexity of cohesion, this book analyzes which dimensions matter most for the smooth functioning of Economic and Monetary Union (EMU) and for the (income) convergence of Central, Eastern and Southeastern European (CESEE) countries. Central bankers, policy-makers and academics discuss how to best advance the catching-up process and look into EU structural and cohesion policies, critically assessing their contribution to economic and social development.
Published in Association with Oesterreichische Nationalbank, Austria
How can financial flows help the EU fulfil its mandate to promote economic, social and territorial cohesion, and solidarity among Member States enshrined in the EU Treaty? Dissecting the complexity of cohesion, this book examines the factors that matter most for the functioning of the Economic and Monetary Union and the convergence of Central, Eastern and Southeastern European (CESEE) countries.
This insightful and timely book brings together central bankers, policy makers and academics to discuss how to best advance and fund the catching-up process of the euro area and CESEE countries. Focusing on a modern understanding of industrial policy – which fosters skills, innovation and infrastructure – contributors highlight how the EU’s regional policy can better meet persistent investments needs.
Critical and comprehensive, this book is crucial reading for researchers at all levels focusing on policy reform in emerging European economies. Central bankers and policy experts in public or international organizations will also benefit from this book’s contemporary perspective on monetary and industrial policies.
Contributors: A.A. Bezhoska, B. Cœuré, R. De Haas, M. Höflmayr, M. Isărescu, E. Nowotny, A. Orphanides, D. Radev, S. Richter, D. Ritzberger-Grünwald, J.D. Sachs, S. Saurel, M. Schratzenstaller-Altzinger, H. Schuberth, T. Slačík, A. Watt