Showing 1 - 10 of 14
Following the Brent Spar controversy, the OSPAR countries reached a unanimous agreement in 1998 for the future rules for disposal of petroleum installations. The vast majority of existing offshore installations will be re-used or returned to shore for recycling or disposal. For installations...
Persistent link: https://www.econbiz.de/10001477291
The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession …
Persistent link: https://www.econbiz.de/10001753578
capital in most EU countries, and the creation of several 'new' equity markets targeted at innovative firms have dramatically …
Persistent link: https://www.econbiz.de/10001772727
value chain. We examine whos is actually bearing the burden of increased energy taxes in the EU-area - consumers or … exporters. Traditional tax incidence theory presumes spot markets. Natural gas in the EU-area, however, is to a large extent …, oil and electricity, for different market segments (households, industry, power generators) in EU countries. Particular …
Persistent link: https://www.econbiz.de/10001610873
decisions on the EU-wide average of inflation and growth or should it instead focus on (appropriately weighted) national rates …
Persistent link: https://www.econbiz.de/10001524212
The importance of innovation for the economic performance of industrialized countries has been largely stressed recently by the theoretical and empirical literature. Moreover the intensity of knowledge externalities in generating innovation, is the key parameter in determining sustained growth...
Persistent link: https://www.econbiz.de/10001546259
We consider the political economy of a monetary union where member governments attempt to influence the policy of the common central bank. Modeling this as a common agency with incentive contracts, we show that if incentives are all that matters for the bank, the equilibrium implements a...
Persistent link: https://www.econbiz.de/10001554692
This paper studies the institutional design of the coordination of macroeconomic stabilization policies within a monetary union in the framework of linear quadratic differential games. A central role in the analysis plays the partitioned game approach of the endogenous coalition formation...
Persistent link: https://www.econbiz.de/10002658217
The belief that the ECB follows the US Federal Reserve in setting its policy is so entrenched with market participants and commentators that the search for empirical support would seem to be a trivial task. However, this is not the case. We find that the ECB is indeed often influenced by the...
Persistent link: https://www.econbiz.de/10002658281
10 countries from Central and Eastern Europe (CEEC) that will join the EU 2004/7 the banking system is now dominated by …
Persistent link: https://www.econbiz.de/10001807083