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Publications (since 1998)


'The Great Transformation in Eastern Europe and the future of capitalism'. Download  https://www.researchgate.net/publication/334508439_The_Great_transformation_in_Eastern_Europe_and_the_future_of_capitalism


‘Reflections on a public risk-sharing capacity for the euro area’. In: Nowotny, E., D. Ritzberger-Gründwald, and H. Schuberth (eds.) „Structural reforms for growth and cohesion”, Edward Elgar Publishing: Cheltenham, UK, 200-214. This is a revised version of my working paper ‘A fire department for the Euro area: reflections on a fiscal risk-sharing capacity’. MPRA Working paper No. 83965, January 2018. Download https://mpra.ub.uni-muenchen.de/83965/


‘Monetary Transformation’, in: Merkel, W., R. Kollmorgen, and H.-J. Wagener (eds.) “Handbook on Political, Social, and Economic Transformation”,  Oxford University Press, forthcoming.




‘Monetary policy independence reconsidered: Evidence from six non-euro members of the European Union’. Empirica, 2017, vol. 44, Nnumber 3, 567-584.


‘Explaining trade imbalances, in the euro area: Liquidity preference and the role of finances’ PSL Quarterly Review, vol. 70, n. 280 (June 2017), 155-184. Download: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/



‚Der Einfluss grenzüberschreitender Finanzströme auf Nachfrage,  Wettbewerbsfähigkeit und Leistungsbilanzen in der Eurozone‘. In: H. Hagemann und J. Kromphardt: Die Krise der europäischen Integration aus keynesianischer Sicht. Schriften der Keynes-Gesellschaft Band 10, metropolis: Weimar (Lahn), S. 47-69.




‚Zur Kritik der Kapitalmarktunion‘. Wirtschaftsdienst 12/2016, S. 1-9. Download info: http://archiv.wirtschaftsdienst.eu/jahr/2016/12/zur-kritik-der-kapitalmarktunion/

'Die Kapitalmarktunion: eine zweifelhafte Vision‘. MPRA Working Paper No. 72287. Dowload: https://mpra.ub.uni-muenchen.de/72287/

'Improving Competitiveness in the Balkan Region – Opportunities and Limits' WIIW-Research Report No. 411. Download via WIIW website: http://www.wiiw.ac.at/. English version of  ‘Steigerung der Wettbewerbsfähigkeit in der Balkanregion – Möglichkeiten und Grenzen‘. (with Doris Hanzl-Weiss, Mario Holzner, Michael Landesmann, Johannes Pöschl and Hermine Vidovic. wiiw Research Report in German language No. 3, Dezember 2015 , 217 pages including 27 Table and 110 Figures


‘Steigerung der Wettbewerbsfähigkeit in der Balkanregion – Möglichkeiten und Grenzen‘. (with Doris Hanzl-Weiss, Mario Holzner, Michael Landesmann, Johannes Pöschl and Hermine Vidovic. wiiw Research Report in German language No. 3, Dezember 2015 , 217 pages including 27 Table and 110 Figures. Download: http://wiiw.ac.at/steigerung-der-wettbewerbsfaehigkeit-in-der-balkanregion--moeglichkeiten-und-grenzen-p-3755.html

'Financial constraints on growth: comparing the Balkans to other transition economies’, Eastern European Economics. Vo. 53, Issue 4, 2015, 309-327. Look inside: http://www.tandfonline.com/doi/full/10.1080/00128775.2015.1072023.


‘Net capital flows to and the real exchange rate of Western Balkan countries’ Economic  Annals, Belgrade, Volume LX, 2015, No. 205/April-June, pp.  31-52.

‘On the twin deficits hypothesis and the import intensity in transition countries’. , Journal of International Economics and Economic Policy, vol. 12 (2), 205-220. Look inside: ttp://link.springer.com/article/10.1007/s10368-014-0272-0#page-1

‘The Euro Plus Pact: Competitiveness and external capital flows in the EU Countries’ (with Karsten Staehr). Journal of Common Market Studies, volume 53 (3), 558-577.  Look inside: http://onlinelibrary.wiley.com/doi/10.1111/jcms.12220/abstract. Other versions see in 2014 and 2012.



 ‘Monetäre Transformation’. In: Kollmorgen, R.,  Merkel, W. Wagener, H.-J. (eds.): Handbuch Transformationsforschung .Springer: Wiesbaden 2015, 635-641. Look inside: http://link.springer.com/chapter/10.1007/978-3-658-05348-2_55





'The Euro Plus Pact: cost competitiveness and external capital flows in the EU countries' (with Karsten Staehr). ECB Working Paper No. 1650. Download: http://www.ecb.europa.eu/pub/scientific/wps/date/html/index.en.html


'The Euro Plus Pact: cost competitiveness and external capital flows in the EU countries' (with Karsten Staehr). Revue de l’OFCE / Debates and policies, 132 (2014)TOWARDS A BETTER GOVERNANCE IN THE EU? 287-327. Download: http://www.ofce.sciences-po.fr/publications/revue132.htm




Maastricht 2.0 ou : Une réforme fédérale de la gouvernance économique au sein de l’Union européenne‘ (Maastricht 2.0 oder: Eine föderale Reform der „Economic Governance“ der EU), Genshagener Papiere, Nr. 13, Februar 2014. Download: http://www.stiftung-genshagen.de/uploads/media/Genshagener_Papier_2014_13.pdf





‘The new EU countries and euro adoption’ (mit Martina Kämpfe). Intereconomics. - Review of European Economic Policy, vol. 48, issue 3, pp. 180-186. Look inside: http://link.springer.com/article/10.1007%2Fs10272-013-0460-0#page-1



‘Währung ohne Souverän: Zur Ursache und Überwindung der Euro-Krise‘. Leviathan. Berliner Zeitschrift für Sozialwissenschaft, 41 (1), pp. 121-144. Download info: http://www.leviathan.nomos.de/archiv/2012/heft1/. A revised version in English can be downloaded here: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2359047. Title: ‘Currency without A Sovereign’.







‘The Euro Plus Pact: Competitiveness and External Capital Flows in the EU Countries’, (with Karsten Staehr).  IOS Working Papers, No 324, November 2012.  And: Eesti Pank Working Papers 5/2012. Download: http://www.eestipank.ee/en/publication/working-papers/2012/52012-hubert-gabrisch-karsten-staehr-euro-plus-pact-competitiveness-and-external-capital-flows-eu


‘Sovereign Default Risk in the Euro-Periphery and the Euro-Candidate Countries’ with Lucjan T. Orlowski and Toralf Pusch. MPRA Working Paper No 41265. Download: http://mpra.ub.uni-muenchen.de/41265/1/Sovereign_Risks.PDF


‘Nominal Wage Flexibility across EMU Members: How Endogenous Is the Currency Union?’ (with Herbert Buscher), Empirica, , 39 (3), pp. 327-340.Download info:  http://www.springerlink.com/content/0340-8744/39/3/   





‘A Macroeconomist’s View on EU Governance Reform: Why and How to Establish Policy Coordination?’ Economic Annals, Volume LVI, No. 191 / October-December, pp. 69-88.  Download: http://ea.ekof.bg.ac.rs/pdf/191/03.pdf


‘What Might Central Banks Lose or Gain in Case of Euro Adoption – A GARCH-Analysis of Money Market Rates for Sweden, Denmark and the UK’, with Herbert Buscher, IWH-Diskussionspapiere Nr. 9/2011.  Download: http://www.iwh-halle.de/d/publik/disc/9-11.pdf



‘The Extreme Risk Problem for Monetary Policies of the Euro Candidates’, with Lucjan T. Orlowski, Comparative Economic Studies, , vol. 53, pp. 511-534. Download info: http://www.palgrave-journals.com/ces/journal/v53/n4/index.html





‘Wage Flexibility Across EMU Members: How Endogenous is the Currency Union?’ With Herbert Buscher, Acta Universitatis Lodziensis, Folia Oeconomic 241, 2010, p. 17-30.


‘Interest Rate Convergence in the Euro Candidate Countries: Volatility Dynamics of Sovereign Bond Yields’ (with Lucjan Orlowski), Emerging Markets Finance &Trade, Vol. 46, (6), pp. 71-87. Earlier version: IWH Discussion Paper No 10, 2009.


 ‘The EU Crisis and the Need for Reforms’, Bulletin of the Transilvania University of Braşov, vol. 3 (52), Series V: Economic Sciences, p. 399-406.


‘The Extreme Risk Problem and Monetary Policies of the Euro-Candidates’, with Lucjan T. Orlowski, IWH-Discussion Papers No 12/2010. Download




‘Finanzielle Instabilität und Krise in den Post-Transformationsländern’, Wirtschaftspolitische Blätter, 2009, vol. 56 (3), p. 183-197.


‚A Dynamic Approach to Interest Rate Convergence in Selected Euro-candidate Countries‘ with Lucjan T. Orlowski, IWH Discussion Papers No 10, 2009. Download


Vertical intra-industry trade, technology and income distribution: a panel data analysis of EU trade with Central-East european countries’, Acta Oeconomica, vol. 59, No 1, pp. 1-22. Download Info:  http://www.akademiai.com/content/119704/


‘Is the European Monetary Union an Endogenous Currency area? The Example of the Labor Markets’ with Herbert Buscher, IWH-Discussion Paper No 7, 2009. Download: http://www.iwh-halle.de/d/publik/disc/7-09.pdf




‘Vertical and horizontal patterns of  intra-industry trade between EU and candidate countries’. In: Leoncini R.

and Montresor S. (eds.), Dynamic Capabilities Between Firm Organization and Local Systems of Production, Routledge, London, 2007 pp. 324-345. With Maria Luigia Segnana.




‘The relationship between unemployment and output in post-communist countries’ (with Herbert Buscher), Post-Communist Economies, vol. 18 (3), Sepember 2006), pp. 261-276.  Download:  http://www.tandfonline.com/doi/full/10.1080/14631370600881804


Successes and Failures of Transition. The European Experiences’ (with Jens Hölscher), Palgrave-Macmillan: Houndsmill, Basingstoke and Ney Work, 2006. Order and download info: http://www.palgrave.com/products/title.aspx?is=1403934932





‘Preventing financial crises – the role of exchange rate arrangements in new EU member countries.’ In: Michael Dauderstädt (ed.), Towards a prosperous wider Europe.  Friedrich-Ebert-Stiftung, Bonn 2005, pp. 77-86.





‘Why is trade between the European Union and the transition economies vertical?’ Universita degli Studi di Trento, Discussion paper No. 7, 2002. With Maria Luigia Segnana.


‘The use of unit values in estimating trade-related capital flight’. IWH-Discussion Papers, Nr. 161, Mai 2002. With Karin Szalai. Download http://www.iwh-halle.de/d/publik/disc/161.pdf


 ‘Financial fragility and exchange rate arrangements of EU candidate countries’. IWH-Discussion Papers, Nr. 156, February 2002 Download: http://www.iwh-halle.de/d/publik/disc/156.pdf




'Trade Structure and Trade liberalization. The emerging pattern between the EU and Transition Economies.'  MOST-MOCT, Vol. 11 (2001), 27-44; with Maria Luigia Segnana. Download info: http://link.springer.com/article/10.1023%2FA%3A1011397126601



‚Die Entwicklung der Handelsstrukturen der Transformationsländer‘, in: Brunner, Georg (Hrsg.): Politische und ökonomische Transformation in Osteuropa, Berlin 1996, S. 193-220, 2., aktualisierte Auflage, Berlin 1997, S. 203-231; 3., aktualisierte Auflage, Berlin 2000, S. 211-233.


Währungskrisen in Mittel- und Osteuropa, Nomos: Baden-Baden 2000.  (Currency crises in Central and Eastern Europe). With Axel Brüggemann, Martina Kämpfe, Thomas Linne, Lucjan Orlowski and Johannes Stephan


‚Die Osterweiterung als Stärkung der Wettbewerbsfähigkeit der deutschen Wirtschaft oder als Gefahr für Arbeitsplätze?‘, in: Rudolf Hrbek (Hrsg.): Die Osterweiterung der Europäischen Union, Europäisches Zentrum für Föderalismus-Forschung Tübingen, Occasional Papers Nr. 22, Tübingen 2000, S. 71-78.




‘Structural Convergence – Through Industrial Policy?’ In: Jozef M. van Brabant (ed.), Remaking Europe. The European Union and the transition economies. Rowman & Littlefield: Lanham-Boulder-New York, 1999, 139-162. With Klaus Werner.


Staat, Strukturpolitik und Transformation: Die außenwirtschaftliche Dimension. In: Hans-Hermann Höhmann (Hrsg.,), Spontaner oder gestalteter Prozeß? Die Rolle des Staates in der Wirtschaftstransformation osteuropäischer Länder. Nomos, Baden-Baden, 1999,  254-72. Download: https://www.researchgate.net/publication/335057455_Staat_Strukturpolitik_und_Transformation_in_Hohmann_H-H_Hrsg_1999_Spontaner_oder_gestalteter_Prozess_Die_Rolle_des_Staates_in_der_Wirtschaftdstransformation_osteuropaischer_Lander_Baden-Baden_Nomos.


Macroeconomic effects of EU-enlargement to the East,.Macmillan: Houndmills and New York 1999. Editor with Rüdiger Pohl.


‘Effects of accession to the EU on prices, wages and aggregate demand in CEE countries’, in: H. Gabrisch and Rüdiger Pohl (ed.): Macroeconomic effects of EU-enlargement to the East, Macmillan: Houndmills and New York 1999.




‚Die Außenbeziehungen als Faktor des Wirtschaftswachstums in Polen und Ostdeutschland‘, in: J. Kleer (Hrsg.): Transformation in den Neuen Bundesländern und Polen. Zwei Wege zur Marktwirtschaft, Warschau 1998, , S. 229 bis 243.


Advantages and drawbacks of EU membership – the structural dimension’ (with  Klaus Werner), Comparative Economic Studies, XXXX, No. 3 (Fall 1998), pp. 79-103. Download info: http://www.palgrave-journals.com/ces/journal/v40/n3/index.html


‚Produktionsverlagerungen aus Deutschland und den EU-Ländern nach Mittel- und Osteuropa‘, in: Transformation. Leipziger Beiträge zu Wirtschaft und Gesellschaft. Transformation. Schriftenreihe des Zentrums für internationale Wirtschaftsbeziehungen der Universität Leipzig (Hrsg. Meinhard Miegel) Nr. 8, August 1998, Leipziger Universitätsverlag, S. 14-28.


‘Transformation, Integration and Wage Convergence. A Comparison of East German and Central and East European Economic Problems’, MOST-MOCT, Vol. 8 (1998), No. 2.


‘Aprecjacja walut w krajach Europy Srodkowo-Wschodniej w perspektywie przystapienia do Unii Europejskiej’ (Currency appreciation in Central and East European countries in perspective of an EU membership), Ekonomista (Warsaw), 1998, 1, 69-90.



The complete list of publications since 1979 is available in the pdf-file at the bottom of the page!