Structural Challenges for Europe

Abstract

Part 1 Structural reforms and competitiveness - where does stand today?: the European strategy for economic and social modernization, Maria Joao Rodrigues structural reforms - where does stand today?, Jorgen Elmeskov structural reforms and competitiveness - will overtake America?, Jan Svejnar an agenda for global economic growth - European challenges, Randall S. Kroszner. Part 2 Financial sector development: banking sector development in the Czech Republic, Zdenek Tuma foreign direct investment - the impact of foreign banks in Central and Eastern Europe, Herbert Stepic the banking system in the accession countries, Marianne Kager. Part 3 Financing of enlargement and catching up: the financial aspects of enlargement, Michaele Schreyer financing of enlargement and catching up, Ewald Nowotny catching-up and the growth factors - the state of play in Bulgaria, Mariella Nenova twin deficits - implications of current account and fiscal imbalances for the accession countries, Jarko Fidrmuc. Part 4 Social security reform: pension reform - what lessons from Italy?, Daniele Franco adjusting welfare systems to aging populations - challenges and experiences in OECD countries, Willi Liebfritz the quest for modern pension system design, Marek Gora the impact of international migration on welfare and the welfare state in an integrated Europe, Herbert Brucker. Part 5 Taxes and benefits/fiscal structures: fiscal policy challenges of EU accession for the Baltics and Central Europe, George Kopits and Istvan P. Szekely tax structures in transition economies in a comparative perspective with EU member states, Rumen Dobrinsky taxation in the European Union - the harmonization issue, Roger Guesnerie assessing the smoothing impact of automatic stabilizers - evidence from Europe, Jesus Crespo-Cuaresma et al. Part 6 Enterprise sector reform/network industries: the case of privatization of network utilities, Willem Buiter and Maria Vagliasindi foreign direct investment in CEECs and the position of the electricity, gas and water distribution sector, Gabor Hunya the role of foreign direct investment in Poland's enterprise sector reform, Danuta Jablonska. Part 7 The adequate policy mix: trajectories towards the euro and the role of ERM II, Tommaso Padoa-Schioppa and adequate macroeconomic policy mix in EMU?, Torben M. Andersen exchange rates and long-term interest rates in Central - how do monetary and fiscal policy affect them?, Franz Schardax. Part 8 Looking into the future - Europe's position in the world economy in 2020: introductory remarks - the keys to a successful future of EMU, Gert Jan Hogeweg in 2020 - globalization challenge and/versus regional responses?, Elena Kohutikova the new Europe -looking ahead to 2020, Richard Webb.