This book brings together a range of economists to provide a balanced look at recent EU dynamics, as well an exploration of future issues facing member states. With contributions on many aspects of European economic performance, this book is an essential resource for all academics interested in European economics.

This book brings together a range of economists to provide a balanced look at recent EU dynamics and economic performance, as well an exploration of future issues facing member states

IntroductionPART I: EU PERSPECTIVES: SYSTEMIC PERFORMANCE AND CURRENCY ISSUESThe Swedish Economic Model: Lessons To Be Learned; K.AigingerEuropean Central Bank Inflation Target And The Economic Growth In The Eurozone; S.Kapounek and L.LacinaReal Effective Exchange Rate for the Euro: Equilibrium and Misalignment; A.RusekExchange rate policy strategy in the large-currency areas; S.Kapounek and J.Pom?nkováEuro Area Enlargement and European Central Bank Reform; D.HowarthPART II: EU EXPANSION: NEW MEMBERS IN THE EU ENVIRONMENTFiscal Convergence in Monetary Union: Are Pilgrims to EMU Better Disciplined than Eurozone Members?;E.Ko?enda, A.M.Kutan and T.M.YigitBusiness Cycles Similarity and EMU Enlargement: The Concordance Index for Central and Eastern European Countries; P.RozmahelMonetary Policy before Euro Adoption: Challenges for EU New Members; J.Filá?ek, R.Horváth and M.Sko?epaFiscal performance and economic growth in the old and new member states of the EU; I.BenczesPART III: VARIOUS ASPECTS OF EU ECONOMIES: CHINA AND THE WORLD ECONOMY, FDIs, COMPANY TAXATION, ECB AND THE 'NEW' MEMBER STATESCompany Taxation in the European Union Current Developments and Implications for the Coordination Debate; M.SchratzenstallerPolicy of the ECB and its Impact on Economic Development of New Members of EU; M.SojkaNew Global Players and Disharmonies in the World Orchestra: Cohesion Analysis of Business Cycles of China;J.Fidrmuc, I.Korhonen and I.Bátorová