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Europe's monetary union is part of a broader process of integration that started in the aftermath of World War II. In this "political guide for economists" we look at the creation of the euro within the bigger picture of European integration. How and why were European institutions established?...
Persistent link: https://www.econbiz.de/10012459539
This paper uses all Value Added Tax (VAT) changes across all EU Member States from 1988 to 2016 to estimate the effect of VATs on trade flows. We find small elasticities of trade flows with respect to VATs, in spite of some of the VAT changes being substantial. We estimate substantially smaller...
Persistent link: https://www.econbiz.de/10012480139
In the post Lehman period, the interest rate of the US dollar became low on the forward contract because of"flight to quality" to the international currency. However, in the Euro crisis, that of the Sterling pound became equally low, while the other European currencies such as the Danish kroner...
Persistent link: https://www.econbiz.de/10012456735
The relative popularity of adjustable-rate mortgages (ARMs) and fixed-rate mort- gages (FRMs) varies considerably both across countries and over time. We ask how movements in current and expected future interest rates affect the share of ARMs in total mortgage issuance. Using a nine-country...
Persistent link: https://www.econbiz.de/10012458258
detailed case studies, two - Denmark and Ireland - undertaken under fixed exchange rates (the most relevant case for many …All four episodes were associated with an expansion; but only in Denmark the driver of growth was internal demand … driver of growth was exports. In Ireland this occurred because the sterling coincidentally appreciated. In Finland and Sweden …
Persistent link: https://www.econbiz.de/10012461087
: Belgium, Denmark, Ireland, Germany, the Netherlands, Norway and Italy for the year 1992. Based on the estimation of a …
Persistent link: https://www.econbiz.de/10012466388
on three case studies: Denmark, Ireland and Italy …
Persistent link: https://www.econbiz.de/10012473108
two most extreme cases -- Denmark and Ireland. We find that at least in the experience of these two countries the …
Persistent link: https://www.econbiz.de/10012475661
Results from the conventional model suggest that retaliation between the two countries can be welfare improving for US as it substitutes expenditures into own goods and improve its terms of trade with non retaliatory regions, while China and non retaliatory regions maybe adversely affected....
Persistent link: https://www.econbiz.de/10012461292
Because of large and rapid growing export volumes and its formal status as a non-market economy; China has been the subject of large numbers of both antidumping initiations and measures. Current estimates are that around 40% of such actions are against China; India, in turn, is the largest source...
Persistent link: https://www.econbiz.de/10012462211