Macroeconomics Policies for EU Accession by Erdem Basci, Subidey Togan, Jurgen Von Hagen

By Erdem Basci, Subidey Togan, Jurgen Von Hagen

What macroeconomic specifications needs to Turkey meet in its quest to accede to the eu Union? This e-book, with its exotic participants - famous economists and policymakers - examines and analyses those macroeconomic demanding situations confronting Turkey. even if the focal point is at the particular scenario of Turkey, the teachings are informative for different candidate nations and the findings at once proper to the method of eu integration. The publication is split into 4 components: * financial regulations and sustainability of public funds * financial coverage demanding situations * preconditions for euro adoption * sustainable regimes of capital pursuits. each one subject is studied in consecutive papers, concentrating first at the demanding situations confronted through the international locations of the ecu, after which by way of Turkey. numerous papers assessment the reports from the former around of ecu accession and the results of those for Turkey. Macroeconomic rules for ecu Accession will attract policymakers, bureaucrats and lecturers drawn to the macroeconomic difficulties of ecu accession and eu integration.

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European Commission (2000), ‘Public finances in EMU 2000’, Brussels. European Commission (2002a), ‘Coordination of economic policies in the EU: a presentation of the key features of the main procedures’, Euro Paper 45, DG ECFIN. European Commission (2002b), ‘Strengthening the co-ordination of budgetary policies, communication from the commission to the Council and the European Parliament’, ECFIN/581/02-EN rev3, Brussels, November 21. European Commission (2003), ‘Strategy paper and report’. European Council (2005), ‘European Council Brussels 22 and 23 March 2005 Presidency Conclusions’, Doc.

ECOFIN (2002) (European Council), 2407th Council Meeting (ECOFIN), 6108/02 Presse 28, mimeo, Brussels. European Commission (1977a), ‘Report of the study group on the role of public finance in European integration’ (McDougall Report), vol. I, Studies: Economic and Financial Series A13, Brussels. European Commission (1977b), ‘Report of the study group on the role of public finance in European integration’ (McDougall Report),vol. II, Studies: Economic and Financial Series B13, Brussels. European Commission (2000), ‘Public finances in EMU 2000’, Brussels.

In the context of the EDP, the numerical criteria for deficits and debts thus serve as triggers for an assessment prepared by the European Commission and made by the European Council. They do not themselves define what an excessive deficit is, nor does breaching them imply any sanctions per se. Since they merely serve as triggers for a more precise assessment of the situation, there is no need to make them responsive to economic circumstances, for example, by redefining them to exclude interest spending or cyclical effects on spending and revenues.

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