Showing 1 - 10 of 11
key ingredients: creditor discrimination and crowding-out effects. Creditor discrimination arises because, in turbulent …
Persistent link: https://www.econbiz.de/10011084507
discrimination. Using data collected in the 1980 Women and Employment Survey, we find that women's wages would be between 20 and 25 … per cent higher in the absence of discrimination. This is somewhat higher than previous estimates have indicated. …
Persistent link: https://www.econbiz.de/10005656294
We adopt a general equilibrium approach in order to measure the effects of recent immigration on the Western German … period 1987-2001, we find that the substantial immigration of the 1990's had no adverse effects on native wages and … as `flexible' as the UK labour market, it would be more efficient in dealing with the effects of immigration. …
Persistent link: https://www.econbiz.de/10005792043
, the completion of Europe's domestic market could exert a profound influence on nonmember countries. This paper examines …
Persistent link: https://www.econbiz.de/10005791809
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
This Paper reconsiders the 1992/3 crisis in the European Monetary System in light of its emerging market successors. That episode was a predecessor of the Mexican and Asian crises in the sense that both capital movements and domestic financial fragility played important roles. The output effects...
Persistent link: https://www.econbiz.de/10005067395
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
In this paper we present empirical evidence indicating that the EMS countries have experienced a worsening of their inflation/unemployment trade-off since 1979 which on average was more pronounced than in the rest of the OECD area (including the other European countries). We interpret this...
Persistent link: https://www.econbiz.de/10005656284
We study a model of intra-European trade flows and trade between Europe and the rest of the world for 29 manufacturing …
Persistent link: https://www.econbiz.de/10005281323
This paper looks at the economic impact of secession through the lens of the disintegration of the former Yugoslavia. It uses an econometric analysis covering the period between 1956 and 2011 – including a series of factors linked to the independence process, socioeconomic and structural...
Persistent link: https://www.econbiz.de/10011083216