Showing 1 - 10 of 13
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
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 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
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
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/10013318799
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/10013319906
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/10013320908
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/10012470368
Persistent link: https://www.econbiz.de/10011991073