Abstract
This chapter provides comments on Chapter 8 and 9 included in the part on “Financial integration and stability in an enlarged EU”. The comments on chapter 8 focus on the concept of “convergence clubs” as well as on the selection of variables and samples of countries included in the model used for explaining current account patterns in emerging Europe and emerging Asia. Regarding Chapter 9, comments touch upon the restrictive hypothesis on the impact of FDIs on the timing of the euro adoption in the new EU Member States, the concept of “integration gains” and some policy conclusions in the last section of the chapter.
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Notes
- 1.
Established in 1967, ASEAN (Association of Southeast Asian Nations) is currently the most advanced integration framework in Asia.
Reference
European Commission (2009). Five Years of an enlarged EU: Economic achievements and challenges, European Economy 1, Economic and Financial Affairs DG.
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Sosdean, C.W. (2010). Comments on Chapters 8 and 9. In: Keereman, F., Szekely, I. (eds) Five Years of an Enlarged EU. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-12516-4_10
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DOI: https://doi.org/10.1007/978-3-642-12516-4_10
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