scholarly journals Evaluation of IMF programmes on employment in the EU

2017 ◽  
Vol 67 (3) ◽  
pp. 311-332 ◽  
Author(s):  
Gurgen Ohanyan ◽  
Armenia Androniceanu
Keyword(s):  
European Union ◽  
Propensity Score ◽  
Propensity Score Matching ◽  
International Monetary Fund ◽  
The European Union ◽  
Difference Estimator ◽  
The International Monetary Fund ◽  
The Eu ◽  
The Imf

The International Monetary Fund (IMF) has undergone notable changes by starting collaboration with the European Union (EU). Hence, this paper seeks to estimate the effects of IMF programmes on employment, with data from the EU-28 between 1993 and 2013. In order to control for selection on observable and unobservable variables, the study employs Propensity Score Matching in combination with the Differences-in-Difference estimator. Next, the robustness of the findings is checked by applying four different matching algorithms. Our paper concludes that employment decreases once a country resorts to the IMF, and this impact is still measurable after two years of programme initiation.

scholarly journals Montenegro

2020 ◽  
Vol 20 (166) ◽  
Author(s):  
Keyword(s):  
European Union ◽  
International Monetary Fund ◽  
Technical Assistance ◽  
International Investment ◽  
The European Union ◽  
External Sector ◽  
International Investment Position ◽  
Outstanding Issue ◽  
The International Monetary Fund ◽  
The Eu

The International Monetary Fund (IMF)’s Statistics Department (STA) conducted a technical assistance (TA) mission to support the Central Bank of Montenegro (CBM) for the compilation of external sector statistics (ESS) in Montenegro during January 20–31, 2020. The mission was funded by Eurostat to meet the European Union (EU)’s acquis1 from the ESS perspective. The CBM has already met most of the EU requirements in ESS. The main outstanding issue is a production of international investment position (IIP) quarterly.

scholarly journals Financial crisis and forming of the European monetary fund: Should the European Agreement be changed

2010 ◽  
Vol 62 (4) ◽  
pp. 585-601
Author(s):  
Pero Petrovic ◽  
Aleksandar Zivkovic
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Financial Assistance ◽  
The European Union ◽  
European Monetary ◽  
European Monetary Fund ◽  
The Eu ◽  
The Imf

In this paper, the authors analyze the possibilities and advantages of realization of the idea of creating the European Monetary Fund, the European equivalent of the IMF. European officials and experts believe that the financial crisis in the European Union, as was the case in Greece, can be successfully solved within the EU institutions. The assistance that the EMF would provide would be stipulated by fulfilment of strict conditions. The ECB, which insists on independence, would join it in establishing this mechanism, since not any has been created so far that would provide financial assistance to members of the Eurozone.

scholarly journals Denationalization: Neoliberalism after Foucault

2016 ◽  
Vol 27 (1) ◽  
pp. 171-185
Author(s):  
Marcello Barison
Keyword(s):  
European Union ◽  
Central Bank ◽  
International Monetary Fund ◽  
European Central Bank ◽  
Economic Knowledge ◽  
The European Union ◽  
European Central ◽  
Governmental Organizations ◽  
The Relationship ◽  
The International Monetary Fund

Starting from Michel Foucault?s considerations dedicated to economic knowledge (especially in Il faut d?fendre la soci?t? and Naissance de la biopolitique), this paper is about setting up a possible theoretical framework in which to situate the relationship between political power and neoliberalism as they appear in their modern articulation, analyzing in depth how international governmental organizations - such as, for example, the European Central Bank, the European Union and the International Monetary Fund - are involved in this process.

Does Privatisation Reduce Public Deficits?

2019 ◽  
Vol 47 (2) ◽  
pp. 287-308
Author(s):  
Beatriz Cuadrado-Ballesteros ◽  
Noemí Peña-Miguel
Keyword(s):  
European Union ◽  
Empirical Evidence ◽  
International Monetary Fund ◽  
Financial Crises ◽  
Political Ideology ◽  
The European Union ◽  
Left Wing ◽  
Government Services ◽  
Fiscal Balance ◽  
The International Monetary Fund

This paper provides the first ever analysis of the two-way relationship between the privatisation of government services and fiscal balance. It uses data from 22 European countries between 1995 and 2013 to examine the factors that promote privatisation policies and the effects that privatisation then has on public finances. This is important because privatisation has been promoted by both the European Union and the International Monetary Fund as a way of responding to financial crises, and in an era of austerity it is important to have robust empirical evidence about the extent to which privatisation has achieved this. Our analysis demonstrates that governments often adopt privatisation policies in the hope of improving their fiscal balances, but that political ideology is important since left-wing administrations are more likely to see it as a means of also restructuring government services.

Russia - European Union: The continuation ofthe sanctions standoff

2017 ◽  
pp. 114-127
Author(s):  
M. Klinova ◽  
E. Sidorova
Keyword(s):  
European Union ◽  
Economic Recession ◽  
Economic Sanctions ◽  
Current Data ◽  
The State ◽  
The European Union ◽  
The Impact ◽  
The Eu ◽  
Year 2013

The article deals with economic sanctions and their impact on the state and prospects of the neighboring partner economies - the European Union (EU) and Russia. It provides comparisons of current data with that of the year 2013 (before sanctions) to demonstrate the impact of sanctions on both sides. Despite the fact that Russia remains the EU’s key partner, it came out of the first three partners of the EU. The current economic recession is caused by different reasons, not only by sanctions. Both the EU and Russia have internal problems, which the sanctions confrontation only exacerbates. The article emphasizes the need for a speedy restoration of cooperation.

Ensuring sustainable foreign economic relations of countries at the forefront and outskirts of the European Union

2020 ◽  
Vol 16 (10) ◽  
pp. 1980-1996
Author(s):  
T.S. Malakhova
Keyword(s):  
European Union ◽  
International Organizations ◽  
Economic Cooperation ◽  
Structure Model ◽  
Methodological Framework ◽  
The European Union ◽  
Early 21St Century ◽  
Economic Relations ◽  
Economic Bloc ◽  
The Eu

Subject. Foreign economic and trade ties among countries are getting tighter and less predictable in the early 21st century. This directly stems from a growing disparity of partners, especially if it goes about their future cooperation as part of integration groups or international organizations. Communities of experts suggest using various approaches to locally adjusting integration phases, especially implementing the two-speed integration in the European Union. Objectives. The study is an attempt to examine an improvement of foreign economic cooperation and suggest its implementation steps for the European Union. This all is due to considerable inner controversies and problems within the EU, which grow more serious year by year. Methods. The methodological framework comprises the historical logic, dialectical principles, scientific abstraction method. The process and system approach was especially important for justifying the implementation of the above steps. It was used to examine foreign economic relations of partners in the European Union. Results. The article sets forth the theoretical and methodological framework for the geostrategic economic bloc, including a conceptual structure model. I present steps to implement a foreign economic cooperation of partners in the EU in terms of its form. Conclusions and Relevance. Should the form of the foreign economic relations among the EU countries be implemented, counties at the periphery of the EU will be able to become active parties to the integration group.

European experience in transition to circular economy

2020 ◽  
Vol 19 (4) ◽  
pp. 598-617 ◽  
Author(s):  
S.V. Ratner
Keyword(s):  
European Union ◽  
Circular Economy ◽  
Raw Materials ◽  
Action Plan ◽  
National Level ◽  
The European Union ◽  
Scientific Methods ◽  
European Experience ◽  
General Scientific ◽  
The Eu

Subject. The article considers the concept of circular economy, which has originated relatively recently in the academic literature, and is now increasingly recognized in many countries at the national level. In the European Union, the transition to circular economy is viewed as an opportunity to improve competitiveness of the European Union, protect businesses from resource shortages and fluctuating prices for raw materials and supplies, and a way to increase employment and innovation. Objectives. The aim of the study is to analyze the incentives developed by the European Commission for moving to circular economy, and to assess their effectiveness on the basis of statistical analysis. Methods. I employ general scientific methods of research. Results. The analysis of the EU Action Plan for the Circular Economy enabled to conclude that the results of the recent research in circular economy barriers, eco-innovation, technology and infrastructure were successfully integrated into the framework of this document. Understanding the root causes holding back the circular economy development and the balanced combination of economic and administrative incentives strengthened the Action Plan, and it contributed to the circular economy development in the EU. Conclusions. The measures to stimulate the development of the circular economy proposed in the European Action Plan can be viewed as a prototype for designing similar strategies in other countries, including Russia. Meanwhile, a more detailed analysis of barriers to the circular economy at the level of individual countries and regions is needed.

Las funciones del interregionalismo en la relación UE-CAN

Oikos ◽  
2015 ◽  
Vol 14 (29) ◽  
pp. 13
Author(s):  
Olga María Cerqueira Torres
Keyword(s):  
European Union ◽  
Present Article ◽  
The Political ◽  
The European Union ◽  
Integration Process ◽  
Association Agreement ◽  
Political Rationality ◽  
Article Analysis ◽  
Andean Community ◽  
The Eu

RESUMENEn el presente artículo el análisis se ha centrado en determinar cuáles de las funciones del interregionalismo, sistematizadas en los trabajos de Jürgen Rüland, han sido desarrolladas en la relación Unión Europea-Comunidad Andina de Naciones, ya que ello ha permitido evidenciar si el estado del proceso de integración de la CAN ha condicionado la racionalidad política del comportamiento de la Unión Europea hacia la región andina (civil power o soft imperialism); esto posibilitará establecer la viabilidad de la firma del Acuerdo de Asociación Unión Europea-Comunidad Andina de Naciones.Palabras clave: Unión Europea, Comunidad Andina, interregionalismo, funciones, acuerdo de asociación. Interregionalism functions in the EU-ANDEAN community relationsABSTRACTIn the present article analysis has focused on which functions of interregionalism, systematized by Jürgen Rüland, have been developed in the European Union-Andean Community birregional relation, that allowed demonstrate if the state of the integration process in the Andean Community has conditioned the political rationality of the European Union towards the Andean region (civil power or soft imperialism); with all these elements will be possible to establish the viability of the Association Agreement signature between the European Union and the Andean Community.Keywords: European Union, Andean Community, interregionalism, functions, association agreement.

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