Essays on European integration

Kolev, Galina

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URL:	https://madoc.bib.uni-mannheim.de/36629
URN:	urn:nbn:de:bsz:180-madoc-366294
Document Type:	Doctoral dissertation
Year of publication:	2014
Place of publication:	Mannheim
University:	Universität Mannheim
Evaluator:	Vaubel, Roland
Date of oral examination:	20 May 2014
Publication language:	English
Institution:	School of Law and Economics > VWL (Vaubel 1984-2016, Em)
Subject:	330 Economics
Subject headings (SWD):	Europäische Integration , Optimales Währungsgebiet , Realer Wechselkurs , Strukturelles vektor-autoregressives Modell , Osteuropa , Geldpolitik
Individual keywords (German):	Reale Aufwertung , Vertrauen in EU Institutionen
Keywords (English):	European Integration , Optimum currency area , Real exchange rate , Structural Vectorautoregression , Economies in Transition , Real appreciation , Trust in EU institutions , Monetary policy
Abstract:	This doctoral thesis represents an accumulation of articles on different topics from the broad research field of European economic and monetary integration. The analysis shows that a core monetary union with Germany, France, Belgium, Luxembourg, the Netherlands, Austria, Denmark and at most Slovenia would be more desirable than the current constellation. Real appreciation driven by the progress in transition, productivity growth and increasing demand for tradable goods makes other member states in transition less desirable members of the monetary union. In the second part the focus turns to some political economy aspects of the European integration. Empirical analyses show that the level of trust in European institutions can be explained to a large extent by the existence of principal-agent problems in the structures of political institutions that is more severe at the European than at the national level. The thesis is completed by an analysis of the monetary policy rule used by the Bundesbank as a potential prototype for the ECB.