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"Green" fiscal policy measures and non-standard monetary policy in the Euro Area
Bartocci, Anna; Notarpietro, Alessandro; Pisani, … - 2022
Persistent link: https://www.econbiz.de/10013383632
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Bank exposures and sovereign stress transmission
Altavilla, Carlo; Pagano, Marco; Simonelli, Saverio - 2016 - This version: 16 September 2016
Using novel monthly data for 226 euro-area banks from 2007 to 2015, we investigate the determinants of changes in banks' sovereign exposures and their effects during and after the crisis. First, public, bailed out and poorly capitalized banks responded to sovereign stress by purchasing domestic...
Persistent link: https://www.econbiz.de/10011541386
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Social union, convergence and migration
Sinn, Hans-Werner; Ochel, Wolfgang - 2003
need for social policies at the EU level. Social harmonisation would distort migration flows and slow down the speed of …
Persistent link: https://www.econbiz.de/10011507973
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Structural reforms and zero lower bound in a monetary union
Gerali, Andrea; Notarpietro, Alessandro; Pisani, … - 2015
Persistent link: https://www.econbiz.de/10011520298
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Fiscal policy adjustments in the euro area stressed countries : new evidence from non-linear models with state-varying thresholds
De Santis, Roberto A.; Legrenzi, Gabriella; Milas, Costas - 2015
Persistent link: https://www.econbiz.de/10011349798
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Institutions and creative destruction in CEECs : determinants of inefficient use of assets
Fidrmuc, Jarko; Siddiquiy, Martin - 2015
We analyze the relationship between institutional quality and firm efficiency. Using rich data on firms in the European Union between 2005 and 2012, we show that high institutional quality lowers the share of persistently inefficiently used assets. The adverse effect of low institutional quality...
Persistent link: https://www.econbiz.de/10011375699
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EU enlargement and the future of the welfare state
Sinn, Hans-Werner - 2000
The eastern expansion of the EU resembles German unification in its mometousness. Whereas the latter led to a 26 …% increase in the population of the Federal Republic, the former will increase the population of the EU by 28% if all ten entry … and western Eurpean countries, a massive westward migration can be expected after EU expansion. A temporary east …
Persistent link: https://www.econbiz.de/10009781584
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Seignorage wealth in the Eurosystem : eurowinners and eurolosers revisited
Sinn, Hans-Werner; Feist, Holger - 2000
The rules laid down in Article 32 of the Protocol No. 18 on the Statute of the European System of Central Banks and of the European Central Bank of the Maastricht Treaty will significantly redistribute European seignorage income and hence the implicit entitlement to the 352 billion stock of...
Persistent link: https://www.econbiz.de/10009781634
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EU enlargement, migration, and lessons from German unification
Sinn, Hans-Werner - 1999
The paper studies the role of international implications after EU enlargement. Based on a formal model with migration … costs for both capital and labor, it predicts a two-sided migration from the new to the old EU countries which is later …
Persistent link: https://www.econbiz.de/10009781677
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Bank exposures and sovereign stress transmission
Altavilla, Carlo; Pagano, Marco; Simonelli, Saverio - 2016
Using novel monthly data for 226 euro-area banks from 2007 to 2015, we investigate the causes and effects of banks' sovereign exposures during and after the euro crisis. First, in the vulnerable countries, the publicly owned, recently bailed out and less strongly capitalized banks reacted to...
Persistent link: https://www.econbiz.de/10011974892