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. After 2008, σ-convergence was relatively stable in the analyzed group. The process of catching up of the CEE countries with Western Europe (EU-15) accelerated after their EU accession, but it was adversely affected by the financial crisis ( Rapacki

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in the Council of the European Union and in other European institutions. 2.2 The choice of exchange rate regime: economic cost-benefit analysis and more At the time of the EU accession

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Acta Oeconomica
Authors:
Adrienn Boldizsár
,
Ferenc Mészáros
, and
Tibor Sipos

largely explain these peculiarities and low proportions of GDP. In terms of road data, there is an increase for Turkey, Romania and Bulgaria. In our view, this may even have been due to the impact of the EU accession and, in this context, to the

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. Panoeconomicus 56 ( 1 ): 21 – 38 . Backé , P. – Wójcik , C. ( 2002 ): Some Thoughts about the Speed of Monetary Integration of Central and Eastern European EU Accession Countries , Bank i Kredyt

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early 20th century, and despite the de facto absent relations due to Brazil and the Visegrád countries being on the opposing sides of the Cold War, the relations received a new impetus subsequent to the European countries’ NATO and EU accession. This was

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the EU Accession Countries: Size, Scope, Trends and Challenges to the Process of EU Enlargement . Sofia : Centre for the Study of Democracy , pp. 81 – 113 . Enste , D. H. ( 2018 ): The Shadow Economy in Industrial Countries . IZA World of Labor

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Between Stock Returns and Exchange Rate Changes: International Evidence . Journal of Business Finance & Accounting 27 ( 3–4 ): 447 – 467 . 10.1111/1468-5957.00320 Kóbor , Á. – Székely , I. P. ( 2004 ): Foreign Exchange Market Volatility in EU

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supported by the EU accession perspective had suggested good chances of catching up with the EU new member states in terms of quality of economic and political systems, a decade later this process stagnated ( Dabrowski – Myachenkova 2018 ) amid negative

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FCLs Source : MNB. The activity and exposure of FCLs increased significantly after EU accession. The bankruptcy rate 6 of FCLs increased substantially during the period hit by the crises ( Fig. 5 ). In the same period, we see far fewer default events

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former Soviet countries. However, after the EU accession of Romania in 2007, it gradually opened to the EU, although current trade relations are still very weak. 17 Re-export in Moldova amounts to 30% of total merchandise export, which is considered a

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