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The Political Economy Under Monetary Union : Has the Euro Made a Difference?
Fratzscher, Marcel; Stracca, Livio - 2021
Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much research has focused on understanding this integration process and what benefits and costs it entails. This paper identifies a political economy channel of EMU as the monetary union...
Persistent link: https://www.econbiz.de/10013316460
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Explaining and Forecasting Euro Area Exports : Which Competitiveness Indicator Performs Best?
Ca’ Zorzi, Michele; Schnatz, Bernd - 2022
From a conceptual point of view there is little consensus of what should be the 'ideal indicator' of international cost and price competitiveness as each of the standard measures typically employed has its own merits and drawbacks. This calls for addressing the question from an empirical angle,...
Persistent link: https://www.econbiz.de/10014222682
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Wages, Labor or Prices : How do Firms React to Shocks?
Dhyne, Emmanuel - 2010
Survey results in 15 European countries for almost 15,000 firms reveal that Belgian firms react more than the average European firm to adverse shocks by reducing permanent and temporary employment. On the basis of a firm-level analysis, this paper confirms that the different reaction to shocks...
Persistent link: https://www.econbiz.de/10013141681
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Does Private Equity Investment Spur Innovation? Evidence from Europe
Popov, Alexander A. - 2012
We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing on a sample of European countries and using Kortum and Lerner's (2000) empirical methodology. Using an 18-country panel covering the period 1991-2004, we study how private...
Persistent link: https://www.econbiz.de/10013117009
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Spillovers and Euroscepticism
Ioannou, Demosthenes - 2015
During the crisis, support for the EU has declined noticeably in many European Union member states. While previous research on European public opinion has mainly focused on the impact of domestic country- and individual-level factors on public attitudes towards the EU, this paper argues that...
Persistent link: https://www.econbiz.de/10013020590
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SEPA, Efficiency, and Payment Card Competition
Bolt, Wilko - 2011
This paper analyzes the welfare implications of creating a Single Euro Payments Area. We study the effects of increased network compatibility and payment scale economies on consumer and merchant card fees and its impact on card usage. In particular, we model competition among debit cards and...
Persistent link: https://www.econbiz.de/10013134086
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Fiscal Developments and Financial Stress : A Threshold VAR Analysis
Afonso, António - 2011
We use a threshold VAR analysis to study whether the effects of fiscal policy on economic activity differ depending on financial market conditions. In particular, we investigate the possibility of a non-linear propagation of fiscal developments according to different financial market stress...
Persistent link: https://www.econbiz.de/10013128285
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Did the Euro Change the Nature of FDI Flows among Member States?
Sondermann, David - 2019
In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show theoretically and empirically that the single currency alters the drivers of FDI inflows across its Member States. Estimating bilateral gravity models of FDI inflows into euro area...
Persistent link: https://www.econbiz.de/10012871300
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Are Foreign-Owned Firms Different? Comparison of Employment Volatility and Elasticity of Labour Demand
Meriküll, Jaanika - 2014
This paper analyses differences in employment volatility in foreign-owned and domestic companies using firm-level data … from 24 European countries. The presence of foreign-owned companies may lead to higher employment volatility because … more exposed to external shocks. We assess the conditional employment volatility of firms with foreign and domestic owners …
Persistent link: https://www.econbiz.de/10013051164
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Determinants of Workers' Remittances : Evidence from the European Neighbouring Region
Schiopu, Ioana C.; Siegfried, Nikolaus - 2021
Workers' remittances have become the second largest source of net financial flows to developing countries. However, the main motives for sending remittances remain controversial. This paper examines the importance of altruistic versus investment motives using a new panel data set of bilateral...
Persistent link: https://www.econbiz.de/10013317412