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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
out-of-sample forecasts to time series cross-sectional data about post-enlargement migration flows following the EU's 2004 … enlargement. We consider two baseline policy scenarios, with and without accession of sending countries to the EU. Our results …
Persistent link: https://www.econbiz.de/10010526555
-enlargement migration flows following the EU's 2004 enlargement. We consider two baseline policy scenarios, with and without accession of … sending countries to the EU. Our results show that migration flows are driven by migration costs and economic conditions, but …
Persistent link: https://www.econbiz.de/10010194751
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 eastern enlargements of the European Union (EU) and the extension of the free movement of workers to the new member … states' citizens, the need for adjustment became ever more important during the Great Recession, which affected EU member … states unevenly. This chapter studies whether and how east-west migration flows in an enlarged EU responded to institutional …
Persistent link: https://www.econbiz.de/10010407978
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
-enlargement migration flows following the EU's 2004 enlargement. We consider two baseline policy scenarios, with and without accession of … sending countries to the EU. Our results show that migration flows are driven by migration costs and economic conditions, but …
Persistent link: https://www.econbiz.de/10013074882
The eastern enlargements of the European Union (EU) and the extension of the free movement of workers to the new member … states' citizens, the need for adjustment became ever more important during the Great Recession, which affected EU member … states unevenly.This chapter studies whether and how east-west migration flows in an enlarged EU responded to institutional …
Persistent link: https://www.econbiz.de/10013046654