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The political economy of euro area sovereign debt restructuring

Heinemann, Friedrich - 2021

The establishment of a sovereign debt restructuring mechanism (SDRM) is one of the important issues in the academic debate on a viable constitution for the European Monetary Union (EMU). Yet the topic seems to be taboo in official reform contributions to the debate. Against this backdrop, the...

Persistent link: https://www.econbiz.de/10012421950

Language, Copyright and Geographic Segmentation in the EU Digital Single Market for Music and Film

Gomez-Herrera, Estrella; Martens, Bertin - 2015

The EU seeks to create a seamless online Digital Single Market for media products such as digital music and film. The … empirical evidence on the extent of market segmentation in the EU on the supply and demand side and measures the contribution of … several drivers of this market segmentation. We use data from the Apple iTunes country stores in 27 EU Member States to …

Persistent link: https://www.econbiz.de/10014135893

The EMU consolidation game - or: Does 3.0 really mean 3.0?

Heinemann, Friedrich - 1998

Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...

Persistent link: https://www.econbiz.de/10013428121

State-owned enterprises, fiscal transparency, and the circumvention of fiscal rules : the case of Germany

Heinemann, Friedrich; Nover, Justus - 2023

State-owned enterprises (SOEs) provide opportunities for a more flexible and market-based provision of public services. At the same time, they may impair fiscal transparency and offer politicians discretion in the presence of strict fiscal rules if these only constrain the core udget. Using a...

Persistent link: https://www.econbiz.de/10014471782

Factor mobility, government debt and the decline in public investment

Heinemann, Friedrich - 2002

like the EU deficit limits. The econometric results indicate that the decline is largely due to two developments: First to … privatisation process nor EU deficit restrictions of the Maastricht Treaty can explain the decline. …

Persistent link: https://www.econbiz.de/10001657235