Showing 1 - 10 of 25
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
Mitgliedschaft in der EU verlangt das Ende der noch bestehenden Kontrollen. Dieses Papier betrachtet die Erfahrungen der …
Persistent link: https://www.econbiz.de/10011431146
The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet … determinants of international asset holdings and trade flows. We find in most regressions that EU membership has a significant … effect. Based on additional simulations of the expected flows to ten transition economies, we conclude that for the EU …
Persistent link: https://www.econbiz.de/10011472489
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
The EU has recently entered accession talks with five transition economies of eastern Europe. Membership in the EU … and investment. A comparison with the southern members of the EU shows that the countries under review have reached a …
Persistent link: https://www.econbiz.de/10011474898
Persistent link: https://www.econbiz.de/10011295808
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
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
Persistent link: https://www.econbiz.de/10013261021
Persistent link: https://www.econbiz.de/10013261103