Showing 1 - 10 of 70
Foreign direct investment is of increasing importance in the European Union. This paper estimates the effect of taxes on foreign direct investment (FDI) flows and on three sub-components of these flows for the countries of the en- larged European Union. The model in the spirit of gravity...
Persistent link: https://www.econbiz.de/10003304979
This study examines differences in the interest rate response to an ECB policy impulse in the euro area, the new EU …-member states, and in the other non-eurozone EU countries in order to gauge the degree of interest rate alignment in Europe. To this … the euro area's yield curve; (iii) compared to the euro area, the short-term market segments in the new EU-member states …
Persistent link: https://www.econbiz.de/10003546013
This paper studies a particular aspect of the choice of exchange rate regime by EU candidate countries in the run-up to …Dieses Papier untersucht einen besonderen Aspekt bei der Wahl eines Wechselkursregimes von EU Beitrittskandidaten auf …
Persistent link: https://www.econbiz.de/10011419367
Mitgliedschaft in der EU verlangt das Ende der noch bestehenden Kontrollen. Dieses Papier betrachtet die Erfahrungen der …
Persistent link: https://www.econbiz.de/10011431146
Pre-Accession Transition Countries (PATCs) aim at early admittance to the monetary club. Their fiscal indicators - deficit and debt - do not show any serious symptoms. Closer scrutiny reveals, however, that the interest burden of their public debt might be underestimated, and that restructuring...
Persistent link: https://www.econbiz.de/10011431300
Many of the EU accession countries have announced that they will not only try to enter the EU as quickly as possible … countries and for the EU core countries. …Viele der EU-Beitrittsländer haben angekündigt, dass sie nicht nur der EU, sondern auch der EWU schnell beitreten …
Persistent link: https://www.econbiz.de/10011431321
A high degree of cyclical synchronization between central and east European countries (CEECs) and the euro area is generally seen as a prerequisite for successful EMU enlargement. This paper investigates comovements between CEECs and the euro area. We first establish stylized facts on economic...
Persistent link: https://www.econbiz.de/10002909184
The Balassa-Samuelson effect is usually seen as the prime explanation of the continuous real appreciation of central and east European (CEE) transition countries' currencies against their western counterparts. The response of a small country's real exchange rate to various shocks is derived in a...
Persistent link: https://www.econbiz.de/10011431705
Diskussion um eine möglichst schnelle Teilnahme der mittel- und osteuropäischen EU-Beitrittsländer am WKM II bedenkenswert, da … connection with the debate on the central and east European EU accession countries joining ERM II at the earliest possible date …
Persistent link: https://www.econbiz.de/10011490782
Given the large trade and current account deficits in some of the new EU member states the development of their … analysis with aggregated data indicates that in the eight central and east European EU member states FDI and trade are …
Persistent link: https://www.econbiz.de/10003225515