Regional Economic Cooperation: State of Play in the Western Balkans and Future Scenarios

Strengthening Public and Economic Diplomacy at the Ministry of Foreign Affairs in Albania, Forthcoming

19 Pages Posted: 2 Sep 2016

See all articles by Merita Toska

Merita Toska

Independent

Ogerta Gjiknuri

affiliation not provided to SSRN

Date Written: May 2, 2016

Abstract

European integration process represented and still is a challenging and strategic objective for Western Balkan countries. The process has evolved gradually and these countries actually have a different status in the European integration process. Sharing the same final objectives towards European integration, this policy paper has a two-fold objective: (i) briefly explore the current level of cooperation between Western Balkan countries (Albania, Kosovo, Serbia, Macedonia, Montenegro and BiH) and assess whether there is any degree of cooperation aiming to achieve this strategic objective; and, (ii) explore and assess the degree of nominal convergence or compliance with Maastricht criteria, as set by the Treaty of Maastricht. EU membership is subject to the fulfillment of the Copenhagen criteria1 as stated by the European Council in 1993.

Once formally member of the European Union, the Economic and Monetary Union and single currency introduction would follow. This second stage is subject to the Maastricht criteria fulfillment (convergence criteria): price stability, exchange rate stability, fiscal criteria and long-term interest rate criteria.

Keywords: Integration, convergence criteria, price stability, public debt, ERM II 4

Suggested Citation

Toska, Merita and Gjiknuri, Ogerta, Regional Economic Cooperation: State of Play in the Western Balkans and Future Scenarios (May 2, 2016). Strengthening Public and Economic Diplomacy at the Ministry of Foreign Affairs in Albania, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2833213

Merita Toska (Contact Author)

Independent ( email )

No Address Available

Ogerta Gjiknuri

affiliation not provided to SSRN

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