This week's piece is on the progress towards completing the Financial Services Action Plan (FSAP). Amid continuing difficulties in key areas, pressure is growing for further advances in completing the single market for capital and financial services.
Topic:
International Political Economy and International Trade and Finance
A textbook approach to economic growth suggests the world is in for a difficult period. However, there are reasons to believe that the global economy will defy convention. The global economy will continue to support US external imbalances for the medium term, barring marked deterioration in certain areas of US weakness. However, European integration and Asian development could provide alternative sources of global demand, relieving the current imbalance of global dependence on the US economy.
Topic:
Economics, International Political Economy, and International Trade and Finance
This week's piece focuses on the role of ERM II in the East European accession candidate countries. The EU's Exchange Rate Mechanism has emerged as the primary vehicle for the integration of the CEEC-10 accession countries into the European Monetary Union.
Topic:
International Political Economy and International Trade and Finance
This week's piece examines the outlook for euro-area economic performance. Despite some indications of improvements in the global and euro-area economies, it is too early to assume that these signify a lasting recovery.
Topic:
Economics, International Political Economy, and International Trade and Finance