Showing 1 - 10 of 26
This paper reconsiders the determinants of the exchange rate by studying the historical episode after the fall of the Iron Curtain. Testing a modified portfolio balance model, we attribute the strength of the deutschmark in the early nineties and the puzzling decline of the euro during its...
Persistent link: https://www.econbiz.de/10011398903
This paper discusses the eastward enlargement process of the EU in the framework of a simple war of attrition … bargaining game. Both players - the existing EU members and the applicants - benefit from enlargement, yet for the applicants … reform to the acquis is costly, while the EU prefers substantially reformed candidates. A waiting game unfolds. Within this …
Persistent link: https://www.econbiz.de/10011438327
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
Persistent link: https://www.econbiz.de/10011295808
occurred in the case of the Eastern Enlargement of the EU and has involved significant diversion of migration from more … migration, namely i) restricting access to welfare and ii) adopting an EU-wide migration policy. -- migration ; enlargement …
Persistent link: https://www.econbiz.de/10002815382
The paper deals with the effects of migration resulting from EU Eastern enlargement on the welfare states of Western … is a rational reaction of the state. The proposed new EU constitution which contains far-reaching rules for a European …
Persistent link: https://www.econbiz.de/10002523041
Persistent link: https://www.econbiz.de/10001610557
Evaluation of the financial costs of a Eurozone breakup depends critically on the interpretation of TARGET balances. While it has been argued that TARGET claims in the Eurozone can be written off without incurring any losses on the claimants as the value of fiat money is independent of the...
Persistent link: https://www.econbiz.de/10013098046
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
occurred in the case of the Eastern Enlargement of the EU and has involved significant diversion of migration from more … migration, namely i) restricting access to welfare and ii) adopting an EU-wide migration policy …
Persistent link: https://www.econbiz.de/10013318506