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Southeast Europe: Regional Cooperation with Multiple Equilibria

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It is argued in this paper that the lack of regional cooperation can be remedied by the speed up of the process of EU integration. That is reinforced by the considerations based on the theory of optimal currency areas. Though the current Stabilisation and Association process (SAP) may produce the same results though that process is riskier and requires more time.

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  • Vladimir Gligorov, 2004. "Southeast Europe: Regional Cooperation with Multiple Equilibria," wiiw Balkan Observatory Working Papers 58, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:bpaper:058
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    File URL: https://wiiw.ac.at/southeast-europe-regional-cooperation-with-multiple-equilibria-dlp-3250.pdf
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    1. Edgar L Feige, 2003. "Dynamics of Currency Substitution, Asset Substitution and De facto Dollarisation and Euroisation in Transition Countries," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 45(3), pages 358-383, September.
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    Cited by:

    1. Vassilis Monastiriotis & Achilleas Tsamis, 2007. "Greece’s new Balkan Economic Relations: policy shifts but no structural change," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 01, Hellenic Observatory, LSE.

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