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The paper empirically analyzes asymmetries in the EMS with special reference to their implication for the creation of a monetary union (EMU). Two types of asymmetries are analyzed: those in the form of "German dominance" are detected in the conduct of monetary policies in the EMS, in particular...
Persistent link: https://www.econbiz.de/10005124043
The paper analyzes the role of a multilateral payments union (PU) between East European countries (EEPU) as an intermediate solution in the process to full convertibility. After a description of the main functions of a PU, which is based on the historical model of the European Payments Union, it...
Persistent link: https://www.econbiz.de/10005497971
This article documents and examines the integration of markets across the early modern/late modern divide, exploiting the largest dataset compiled to date on grain prices, spanning one hundred European cities evenly spread across land-locked and low-land areas. Using those series, it studies...
Persistent link: https://www.econbiz.de/10011042830
The analysis of business cycle synchronization levels has become a key point in the discussion of the processes of international economic integration. Economists show a particular interest in analyzing the frequency of processes of business cycle convergence and divergence (decoupling) in the...
Persistent link: https://www.econbiz.de/10010228503
Persistent link: https://www.econbiz.de/10003778123
Europe, by generating economies of scale and by strengthening competition and hence incentives to innovate. Reforming …
Persistent link: https://www.econbiz.de/10010464954
This report analyzes the specific factors that affect the competitiveness of developing countries in global value chains (GVCs), and how these factors differ across four major economic sectors: agriculture, extractive industries, manufacturing and offshore services. Although integration into...
Persistent link: https://www.econbiz.de/10010234218
The Austrian economy has benefited substantially from the expansion of economic ties with Central and Eastern Europe … ten new member states, mostly from Central and Eastern Europe, in 2004. However, important segments of the population in … difficulty coping with growing competition from Central and Eastern Europe. Furthermore, more can be done to make Austria a more …
Persistent link: https://www.econbiz.de/10012443098
This paper assesses the importance of border and non-border policies for global economic integration. The focus is on four widely-advocated policies: removing explicit restrictions to trade and FDI; promoting domestic competition; improving the adaptability of labour markets; and ensuring...
Persistent link: https://www.econbiz.de/10012446035
) indicates a considerable degree of convergence, especially in Central European countries and much less in Southeast Europe and …
Persistent link: https://www.econbiz.de/10012494146