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141. Regional and Sectoral Effects of a Common Monetary Policy: Evidence from Euro Referenda in Denmark and Sweden

Author:
Gabriel Ahlfeldt, Wolfgang Maennig, and Tobias Osterheider
Publication Date:
10-2009
Content Type:
Working Paper
Institution:
Chair for Economic Policy, University of Hamburg
Abstract:
This article provides empirical evidence for the (anticipated) net costs and benefits of a common monetary policy that varies across regions depending on the industry mix. The paper is the first to approach the issue of the regional and sectoral effects of a common monetary policy by using empirical spatial models to analyze referenda. Here, the referenda examined are the 2000 and 2003 referenda held in Denmark and Sweden regarding participation in the EMU. We find that voters in regions with a high proportion of interest-sensitive sectors and low international integration tend to oppose participation in a currency union. The opposite is true for non-interest-sensitive sectors with relatively high integration. These findings are in line with the hypothesis of rational voters maximizing utility. Furthermore, perceived net costs are found to increase with distance from the European core and with the age of voters, indicating that a national currency represents an experience good. These results are robust to spatial dependencies and are not driven by broader forms of Euro-skepticism.
Topic:
Monetary Policy, Regional Integration, Voting, and Regional Economy
Political Geography:
Europe, Denmark, and Sweden

142. Seeking Kant in the EU’s Relations with Turkey

Author:
Ali Murat Özdemir, Hakan Altinay, Jean-François Leguil-Bayart, Senem Aydın Düzgit, and Şeyla Benhabib
Publication Date:
12-2006
Content Type:
Special Report
Institution:
Turkish Economic and Social Studies Foundation (TESEV)
Abstract:
We believe European Union membership is in the interests of Turkey, the EU, and the global community. We are deeply concerned at the way the European Union is failing to respect the principles of equal treatment in its relations with Turkey. We do not argue that Turkey is ready for EU membership; and we recognise that Turkey has a lot to do, primarily regarding democratic governance, to make itself ready for membership. However, we also believe that increasingly discriminatory practices towards Turkey violate the Enlightenment principles upon which Europe itself is founded and endanger the formation of a Europe governed by Kantian ideals. This perspective necessitates identifying key events that gave rise to this concern during the period after the 1997 Luxembourg Summit. The main aim of this report is to examine the extent to which the EU has adhered to its official statements on fairness and equal treatment and whether or not the assertion that the EU has breached Kantian ideals is valid. The focus of this report will be two-fold. The first focus will be on the 'double standards' evident in the EU's policies towards Turkey, which we will point out by comparing the EU's treatment of Turkey with its treatment of other candidate countries. It is now widely accepted that there is a clear double standard in the way in which the EU deals with candidate-nations and member states, especially in areas such as human rights and the protection of minorities; the report will be on instances in which the EU has not kept key promises with Turkey or 'systematically distorted' communication has been abound in discussions over the issue. We believe that such an endeavour is imperative to see the way in which the EU today is deviating from the Kantian ideal of achieving a Europe without dividing lines, where 'you do as you would be done by.'
Topic:
Treaties and Agreements, Governance, European Union, Democracy, Regional Integration, and Immanuel Kant
Political Geography:
Europe, Turkey, Middle East, and Mediterranean

143. Security Risks and Instabilities in Southeastern Europe: Recommended Strategies to the EU in the Process of Differentiated Integration of the Region by the Union

Author:
Plamen Pantev
Publication Date:
11-2000
Content Type:
Case Study
Institution:
Institute for Security and International Studies (ISIS)
Abstract:
The chain of events and developments in Southeastern Europe during the 1990s provoked increasingly sophisticated political reactions, political approaches and longer-term strategies towards the region on the part of the EU. The firm requirement for ethnic tolerance and respect of human rights constitutes one end of the range of EU positions concerning Southeastern Europe. The gradual beginning of the process of integration of some countries from the region in the Union constitutes the other end. At the end of the 1990s, these positions gravitated towards two principles – regionality and conditionality. These principles are partly overlapping and mutually reinforcing, but to some extent also contradictory. The institutional arrangements of these two principles by the EU are identified with the Stability Pact (July 1999) for the principle of regionality, on the one hand, and with the accession negotiations and the Stabilisation and Association Process for the principle of conditionality, on the other hand.
Topic:
Security, European Union, Regional Integration, and Risk
Political Geography:
Europe and Southeast Europe

144. Building a Partnership, Turkey and the European Union

Author:
David Barchard
Publication Date:
01-2000
Content Type:
Special Report
Institution:
Turkish Economic and Social Studies Foundation (TESEV)
Abstract:
This paper is an attempt to identify some of the main practical issues and themes involved in Turkey's accession process in the run-up to the appearance of the Accession Partnership document in early November 2000. It is also an attempt to explore ways of bridging the gap between Turkish and EU attitudes on the political issues that have to be resolved before full membership negotiations can be started.
Topic:
International Relations, European Union, Partnerships, and Regional Integration
Political Geography:
Europe, Turkey, Middle East, and Mediterranean