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Turkey and the EU : politics and economics of accession
Flam, Harry - 2003
This paper discusses political and economic aspects of Turkish accession. Under present rules, Turkey would have the … Turkey, particularly in agriculture. The main obstacles to accession are not economic, but political. Historical experience … prevents Turkey from eliminating the decisive political role of the military, giving Kurds and other minorities cultural rights …
Persistent link: https://www.econbiz.de/10011506471
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Turkish delight does Turkey´s accession to the EU bring economic benefits?
Lejour, Arjan; Mooij, Ruud A. de - 2004
Turkey triggered by EU-membership; and (iii) migration in response to the free movement of workers. Overall, the … macroeconomic implications for EU countries are small but positive. European exports increase by around 20 percent. Turkey … accession to the internal market and free movement of labour. If Turkey would succeed in reforming its domestic institutions in …
Persistent link: https://www.econbiz.de/10011402438
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The Brexit as a forerunner : monetary policy, economic order and divergence forces in the European Union
Müller, Sebastian; Schnabl, Gunther - 2018
We analyze the effects of the increasingly expansionary monetary policies on the economic order and on the European integration process. We argue that the market orders shaped in postwar Germany and in Margret Thatcher's United Kingdom have long served as cornerstones for growth, prosperity and...
Persistent link: https://www.econbiz.de/10011809903
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Restructuring the ECB
Berger, Helge; Haan, Jakob de; Inklaar, Robert - 2003
Soon, euro area membership could more than double, with the vast majority of accession countries being quite different in economic terms compared with current members. Under the current decision-making system, this can lead to high decisionmaking costs and there is a risk that monetary policy...
Persistent link: https://www.econbiz.de/10011511101
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EMU enlargement, policy uncertainty and economic reforms
Hefeker, Carsten (contributor) - 2006
Persistent link: https://www.econbiz.de/10003364637
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Structural reforms and the enlargement of monetary union
Hefeker, Carsten - 2000
The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...
Persistent link: https://www.econbiz.de/10009781545
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Intraday effect of news on emerging European forex markets : an event study analysis
Kočenda, Evžen; Moravcová, Michala - 2018
We analyze the impact of Eurozone/Germany and U.S. macroeconomic news announcements and the communication of the monetary policy settings of the ECB and the Fed on the forex markets of new EU members. We employ an event study methodology to analyze intra-day data from 2011-2015. Our...
Persistent link: https://www.econbiz.de/10011902959
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Switching-track after the great recession
Vinci, Francesca; Licandro, Omar - 2021
We propose a theoretical framework to reconcile episodes of V-shaped and L-shaped recovery, encompassing the behaviour of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks destroy productive capacity, moving GDP to a lower...
Persistent link: https://www.econbiz.de/10012533939
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Ordoliberalism, pragmatism and the Eurozone crisis : how the German tradition shaped economic policy in Europe
Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2015 - This version: May 18, 2015
German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper analysis of ordoliberal thinking reveals that the...
Persistent link: https://www.econbiz.de/10010528303
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Independent central banks in democracies?
Bergström, Villy - In: Sveriges Riksbank economic review (2001) 1, pp. 5-18
Persistent link: https://www.econbiz.de/10001584078