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Completing the Monetary Union of Europe as Mid-Term Solution of the Euro Crisis
Fischer, Justina A. V. - 2015
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10013016262
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The Pass-Through of Exchange Rate in the Context of the European Sovereign Debt Crisis
Ben Cheikh, Nidhaleddine - 2015
This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...
Persistent link: https://www.econbiz.de/10013012797
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Real Exchange Rate, Foreign Trade and Employment : Evidence from China
Zeng, Xiangquan - 2011
Coordination of macro-economic development and employment is an essential issue for China's social development, which largely depends on economic expansion, as well as integration into the global market to create jobs. Through the literature review and empirical test, this paper analyses the...
Persistent link: https://www.econbiz.de/10013120837
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Are the East African Community's Countries Ready for a Common Currency?
Kigabo, Thomas; Heshmati, Almas - 2022
This paper investigates the East African Community (EAC) partner states' readiness for a common currency. It uses recent data to assess the impact of policy coordination in the region during the last seven years of East African Monetary Union's protocol implementation. Despite some similarities...
Persistent link: https://www.econbiz.de/10014083749
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The Selection of Migrants and Returnees in Romania : Evidence and Long-Run Implications
Ambrosini, William - 2012
Romania relatively high rates of temporary migration might have positive long-run effects on average skills and wages …
Persistent link: https://www.econbiz.de/10013104655
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The Impact of an Unexpected Wage Cut on Corruption : Evidence from a 'Xeroxed' Exam
Borcan, Oana - 2012
This paper aims to understand how corruption responds to financial incentives and, in particular, it is an attempt to identify the causal impact of a wage loss on the prevalence of corruption in the education sector. Specifically, we exploit the unexpected wage cut in May 2010 that affected all...
Persistent link: https://www.econbiz.de/10013104673
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Moroccans', Ecuadorians' and Romanians' Assimilation in Spain
Rodríguez-Planas, Núria - 2012
Using the 2007 Encuesta Nacional de Immigración (ENI), we find that male migrants follow a similar labor and legal assimilation pattern in Spain regardless of their nationality (with Romanians faring worse in terms of legal status but better in terms of employment status at arrival). Among...
Persistent link: https://www.econbiz.de/10013106298
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Pollution Abatement and Control Expenditure in Romania : A Multilevel Analysis
Caporale, Guglielmo Maria - 2014
The transition process in Central and Eastern Europe was associated with growing environmental awareness. This paper … analyses the determinants of Pollution Abatement and Control Expenditure (PACE) at plant level in the case of Romania using … survey data and a Multilevel Regression Model (MRM). Our findings suggest that, although Romania has improved its …
Persistent link: https://www.econbiz.de/10013069636
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Does Joining the EU Make You Happy? Evidence from Bulgaria and Romania
Nikolova, Milena - 2016
We examine the effect of joining the European Union on individual life satisfaction in Bulgaria and Romania in the … context of the 2007 EU enlargement. Although EU membership is among the most important events in Bulgaria and Romania's modern … life satisfaction in Bulgaria and had a positive but statistically insignificant effect in Romania. One explanation is that …
Persistent link: https://www.econbiz.de/10013001327
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Evaluating Active Labor Market Programs in Romania
Rodríguez-Planas, Núria - 2006
We evaluate the presence of effects from joining one of four active labour market programs in Romania in the late 1990s …
Persistent link: https://www.econbiz.de/10012778998