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Economic geography within and between European nations : the role of market potential and density across space and time
Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - 2009
In explaining the uneven spatial distribution of economic activity, urban economics and new economic geography (NEG) dominate recent research in economics. A main difference between these two approaches is that NEG stresses the role of spatial linkages whereas urban economics does not do so. We...
Persistent link: https://www.econbiz.de/10003850511
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Adding geography to the new economic geography
Bosker, Maarten; Brakman, Steven; Garretsen, Harry; … - 2007
Persistent link: https://www.econbiz.de/10003498831
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Market liberalization in the European natural gas market : the importance of capacity constraints and efficiency differences
Brakman, Steven; Marrewijk, Charles van; … - 2009
In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen...
Persistent link: https://www.econbiz.de/10003857130
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The positive border effect of EU integration
Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van; … - 2011
, regions, or countries. The enlargement of the EU or the introduction of the euro, however, can be looked upon as integration … that go along with EU integration along the border. Both at the urban and regional level, we find a beneficial influence of … the EU integration process as measured by the growth in population share along the integration borders, leading to an …
Persistent link: https://www.econbiz.de/10009009598
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Equity price dynamics before and after the introduction of the euro : a note
Cheung, Yin-Wong; Westermann, Frank - 2001
Daily data from the German and U.S. equity markets before and after the introduction of the Euro are used to study the effect of exchange rate regime choices on equity markets. It is found that, since the introduction of the Euro, the volatility and the persistence of the German stock index have...
Persistent link: https://www.econbiz.de/10011397990
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Why has the Euro been falling?
Sinn, Hans-Werner; Westermann, Frank - 2001
This paper reconsiders the determinants of the exchange rate by studying the historical episode after the fall of the Iron Curtain. Testing a modified portfolio balance model, we attribute the strength of the deutschmark in the early nineties and the puzzling decline of the euro during its...
Persistent link: https://www.econbiz.de/10011398903
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Reconciling insurance with market discipline : a blueprint for a European fiscal union
Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - 2016
This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...
Persistent link: https://www.econbiz.de/10011431564
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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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The role of direct democracy in the European Union
Feld, Lars P.; Kirchgässner, Gebhard - 2003
In this paper, the introduction of direct-democratic decision-making in all EU decisions is considered when it is …
Persistent link: https://www.econbiz.de/10011511096
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A mechanism to regulate sovereign debt restructuring in the Euro area
Andritzky, Jochen; Christofzik, Désirée I.; Feld, Lars P. - 2016
To make the no-bailout clause credible and enhance the effectiveness of crisis assistance, a consistent institutional and legal framework is needed to ensure that private creditors contribute to crisis resolution. Getting activated as part of ESM crisis assistance, we propose a two-stage...
Persistent link: https://www.econbiz.de/10011521803