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Exchange rate regimes and fiscal discipline in OECD countries
Heinemann, Friedrich - 1999
not economic necessity have dictated the consolidation in the EU during the 90s. …
Persistent link: https://www.econbiz.de/10000683878
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Reconciling insurance with market discipline : a blueprint for a European fiscal union
Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - 2016
This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...
Persistent link: https://www.econbiz.de/10011431564
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The EMU consolidation game - or: does 3.0 really mean 3.0?
Heinemann, Friedrich - 1998
Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...
Persistent link: https://www.econbiz.de/10011441024
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Die Theorie der optimalen Währungsräume und die politische Reformfähigkeit : ein vernachlässigtes Kriterium
Heinemann, Friedrich - 1998
Währungsunion. Hintergrund für diese Erweiterung ist das in Deutschland, aber auch in manchen anderen EU-Staaten, zu beobachtende …
Persistent link: https://www.econbiz.de/10011441036
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EMU and fiscal discipline : the end of the depreciation threat
Heinemann, Friedrich - 1998
Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...
Persistent link: https://www.econbiz.de/10011441669
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Sustainability of national debt in Europe
Heinemann, Friedrich - In: Intereconomics : review of European economic policy 28 (1993) 2, pp. 61-68
There are at least two reasons why sustainability of public debt is an issue of increasing importance. First, public choice considerations show the danger of excessive use of deficit finance in a democracy. Second, the conditions of a European Monetary Union imply further incentives for deficit...
Persistent link: https://www.econbiz.de/10011547191
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Central Europe and European monetary integration : a strategy for catching up
Heinemann, Friedrich - In: Intereconomics : review of European economic policy 30 (1995) 3, pp. 117-125
Persistent link: https://www.econbiz.de/10011548482
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Why and how there should be more Europe in asylum policies
Berger, Melissa; Heinemann, Friedrich - 2016
The experiences of the ongoing refugee crisis in Europe highlight the failures of the current model of having the EU … of reception capacity; (B) EU financing of national service provision; and (C) EU service provision in asylum policies. …
Persistent link: https://www.econbiz.de/10011414748
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The structure of financial systems and macroeconomic instability
Gros, Daniel; Lannoo, Karel - In: EIB papers 4 (1999) 1, pp. 61-69
country in the EU. This is due to deeply-rooted structural differences in legal systems, development of markets and …-based forms of financing of investments by enterprises in the EU. Disintermediation, and institutionalisation of savings in … authorities would have reacted to something like the LTCM collapse in the EU is a good way to see the importance of these two …
Persistent link: https://www.econbiz.de/10011499203
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The Eurozone crisis and foreign debt
Gros, Daniel - In: The eurozone crisis : a consensus view of the causes …, (pp. 121-128). 2015
Persistent link: https://www.econbiz.de/10011499204