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substantial net immigration of the highly educated in all countries except Albania, Bosnia and Herzegovina and Kosovo. Brain gain …
Persistent link: https://www.econbiz.de/10012485263
Albania. We study the impact of implementation of the Stablization and Association Agreement, free trade agreements with South … indicate that Albania has a lot to gain from further integration with its neighbors and the EU. However, the benefits from … regional integration can only be realized as long as Albania gains better access for its exports on regional markets …
Persistent link: https://www.econbiz.de/10013157655
We argue that the existence of large amounts of specific human capital makes costly and slows down the adjustment in the labor market after large reallocation shocks. To illustrate this point we build a theoretical framework in which young agents’ career is heavily determined by initial...
Persistent link: https://www.econbiz.de/10003274711
This book tells the story of the euro crisis in Cyprus from the inside. Written by the former Governor of the Central Bank of Cyprus, Panicos Demetriades, who was in office during this turbulent period, this book shows how the crisis unravelled through a series of key events that occurred during...
Persistent link: https://www.econbiz.de/10012397536
This study analyzes trade specialization patterns in the enlarged European Union with a special focus on the new EU member states and the cohesion countries. Empirical findings on revealed comparative advantage and a broader picture of competitiveness on the single market are presented from a...
Persistent link: https://www.econbiz.de/10013520596
This paper focuses on roots of strain in the European Monetary Union (EMU). It argues that there is need for a thorough reform of the governance structure of the Union in conjunction with radical changes in the regulation and supervision of financial markets. Financial intermediation has gone...
Persistent link: https://www.econbiz.de/10013111940
Persistent link: https://www.econbiz.de/10001433409
This paper addresses the effects of the European Economic and Monetary Union (EMU) since the introduction of the euro -- on economic and financial structures, institutions and performance. What type of changes is the euro fostering? What forces is it setting in motion that were not there before?...
Persistent link: https://www.econbiz.de/10003297555
We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...
Persistent link: https://www.econbiz.de/10008935799
Persistent link: https://www.econbiz.de/10010380062