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EMU and Asymmetries and Adjustment Problems in the EMS

Weber, Axel A - C.E.P.R. Discussion Papers - 1990

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

Global Production Effects of European Integration

Haaland, Jan I.; Norman, Victor D - C.E.P.R. Discussion Papers - 1992

that whereas the effects for Europe and in particular the EFTA countries may be substantial, the rest of the world has … little to fear from a more integrated Europe. The effects for Europe come in terms of welfare gains and structural changes …

Persistent link: https://www.econbiz.de/10005124192

Labour Mobility, Redistribution And Pensions Reform In Europe

Jousten, Alain; Pestieau, Pierre - C.E.P.R. Discussion Papers - 2001

In this Paper, we discuss the main characteristics of European mandatory pension systems and the implications for these systems of increasing factor mobility. In particular, we expect the extent of redistribution (both intra- and intergenerational) in national pension systems to decrease. The...

Persistent link: https://www.econbiz.de/10005136425

Corporate Growth Convergence in Europe

Geroski, Paul A; Gugler, Klaus Peter - C.E.P.R. Discussion Papers - 2001

markets in Europe, and some people have argued that it has induced a convergence in industrial structures across countries … time period 1994 to 1998, we do not find strong evidence for ‘convergence’ in manufacturing in Europe. ‘Full’ convergence …

Persistent link: https://www.econbiz.de/10005136467

Shareholder Value Creation in European M&As

Campa, José Manuel; Hernando, Ignacio - C.E.P.R. Discussion Papers - 2004

This Paper looks at the value generated to shareholders by the announcement of mergers and acquisitions involving firms in the European Union over the period 1998-2000. Cumulative abnormal shareholder returns due to the announcement of a merger reflect a revision of the expected value resulting...

Persistent link: https://www.econbiz.de/10005136651

Out in the Cold? Outsiders and Insiders in 1999: Feasible and Unfeasible Options

Spaventa, Luigi - C.E.P.R. Discussion Papers - 1996

If the third stage of monetary union in Europe begins on 1 January 1999, not all EU countries will participate: two …

Persistent link: https://www.econbiz.de/10005497702

Leaving Home and Living Alone: An Historical Perspective

Wall, Richard - C.E.P.R. Discussion Papers - 1987

This paper provides a historical and geographical perspective on the composition of households in present-day Europe … recent increase in the proportion of one-person households been accompanied by any reduction in the variation within Europe … in the frequency of living alone, which remains much lower in Southern and parts of Eastern Europe than in Western Europe …

Persistent link: https://www.econbiz.de/10005497727

A Multilateral Payments Union for Eastern Europe?

Bofinger, Peter - C.E.P.R. Discussion Papers - 1990

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

The Transmission Mechanism in a Changing World

Artis, Michael J; Galvão, Ana Beatriz C; Marcellino, … - C.E.P.R. Discussion Papers - 2003

This Paper aims at improving the understanding of the transmission of shocks across countries and how this transmission may have changed over time. By employing a model that allows for parameter changes across regimes, we show that transmission of shocks from the US to European countries may...

Persistent link: https://www.econbiz.de/10005498077

Sources of Growth: the Entrepreneurial versus the Managed Economy

Audretsch, David B; Thurik, A R Roy - C.E.P.R. Discussion Papers - 1997

The purpose of this paper is to suggest that a fundamental shift in Europe, along with the other OECD countries, is …

Persistent link: https://www.econbiz.de/10005504288