Similar Search Results

Structural Adjustment in European Retail Banking: Some Views from Industrial Organisation

Neven, Damien J - C.E.P.R. Discussion Papers - 1989

This paper tries to assess how the current program of European integration will affect the structure of the European retail banking industry. It is argued that trade in banking services is, and will presumably remain, limited, while there is still concern about possible trade diversion. Next, we...

Persistent link: https://www.econbiz.de/10005281299

Regionalism in the Nineties: What Effect on Trade?

Soloaga, Isidro; Winters, L. Alan - C.E.P.R. Discussion Papers - 1999

The paper applies a gravity model to 1980-1996 annual non-fuel imports data for 58 countries to quantify the effects of recently created or revamped PTAs on trade. We modify the usual gravity equation to identify separate effects of PTAs on intra-bloc trade, members' total imports and their...

Persistent link: https://www.econbiz.de/10005504431

M&As Performance in the European Financial Industry

Campa, José Manuel; Hernando, Ignacio - C.E.P.R. Discussion Papers - 2005

This paper looks at the performance record of M&As that took place in the European Union financial industry in the period 1998-2002. First, the paper reports evidence on shareholder returns from the merger. Merger announcements implied positive excess returns to the shareholders of the target...

Persistent link: https://www.econbiz.de/10005504600

Optimal Majority Rules and Enhanced Cooperation

Widgrén, Mika - C.E.P.R. Discussion Papers - 2001

The decision-making rules of the European Union (EU) are defined in an incomplete contract signed by 15 national governments. The design of the contract defines the set of policy issues where it applies – in decision-making rules i.e. the majority rules and the division of powers among the...

Persistent link: https://www.econbiz.de/10005504730

Eurowinners and Eurolosers: The Distribution of Seigniorage Wealth in EMU

Feist, Holger; Sinn, Hans-Werner - C.E.P.R. Discussion Papers - 1997

The European Monetary Union will involve socialization of existing seigniorage wealth of national central banks. This socialization will create windfall gains for countries with relatively low monetary bases such as France and the United Kingdom and will be disadvantageous for countries like...

Persistent link: https://www.econbiz.de/10005497965

The Euro Area Crisis: Politics over Economics

Orphanides, Athanasios - C.E.P.R. Discussion Papers - 2014

to pass the political feasibility test with the current governments of Europe. …

Persistent link: https://www.econbiz.de/10011084126

The Role of Borders, Languages, and Currencies as Obstacles to Labor Market Integration

Bartz, Kevin; Fuchs-Schündeln, Nicola - C.E.P.R. Discussion Papers - 2012

Based on a modified Spatiotemporal Autoregressive Model (STAR), we analyze whether borders still constitute significant impediments to labor market integration in the European Union, despite the formal law of free movement of labor. Using regional data from the EU-15 countries over 21 years, we...

Persistent link: https://www.econbiz.de/10011084278

External Economies and European Integration: The Potential for Self-fulfilling Expectations

Baldwin, Richard; Lyons, Richard K - C.E.P.R. Discussion Papers - 1990

It is often suggested that "European economic and monetary integration is important because people think it is". This paper is an exploratory attempt to formalize this idea. As the basis for our investigation, we rely on recent analysis by Krugman (1989) and Matsuyama (1989), which addresses the...

Persistent link: https://www.econbiz.de/10005067473

Regional Labour Market Dynamics in Europe

Decressin, Jörg; Fatás, Antonio - C.E.P.R. Discussion Papers - 1994

The paper investigates regional labour markets dynamics in Europe and compares the results to those obtained for the … United States. It analyses to what extent regional employment dynamics are common to all regions in Europe and to all states … shows that for Europe, for the first three years, most of the shock is absorbed by changes in the participation rate while …

Persistent link: https://www.econbiz.de/10005067526

EU Enlargement and Beyond: A Simulation Study on EU and Russia Integration

Sulamaa, Pekka; Widgrén, Mika - C.E.P.R. Discussion Papers - 2004

This Paper examines the economic effects of the opening of the former Soviet Union. The analysis carried out in the Paper is two-fold. First we simulate the impact of the eastern enlargement of the EU and, second, we analyse how deeper integration between the EU and Russia contributes to this....

Persistent link: https://www.econbiz.de/10005067550