Given the coexistent EU priorities concerning the competitiveness of European industries and international emissions regulation at the company level, this paper assesses the efficiency and competitiveness implications of linking the EU Emissions Trading Scheme (ETS) to emerging trading schemes...

Introduction: 1 Financial Aspects in Energy: The European Perspective -- Markets: 2 The Development of Energy Markets in Europe -- 3 Renewables in the Energy Market -- 4 The CO2 -Trading Market in Europe -- Prices: 5 Market Efficiency in a Changing Energy Environment -- 6 The Price Forming...

This book analyses the process of regionalisation and plots its future development. Regionalisation is a common feature of the changing territorial organisation of European states today. Regionalisation alone, however, cannot produce any of the benefits attributed to it without looking into the...

Philipp Mohl evaluates the macroeconomic effects of EU Cohesion Policy with the help of empirical methods. His findings indicate that in particular the part of EU Cohesion Policy which is spent for the poorest regions (the so-called Objective 1 funding) has a positive and statistically...

Studies the interactions between monetary and wage policies in the euro area. This book discusses the process of policy competition and the structure of policy cooperation. It also features numerical simulations of policy competition and numerical solutions to policy cooperation

The creation of a single monetary currency and a single monetary policy in the euro area has faced extraordinary challenges, among them the design of suitable monetary policy instruments. This book evaluates monetary policy instruments of the Eurosystem against a number of requirements. To do...

Einführung -- Innovationsdynamik, Spezialisierung und Wirtschaftswachstum: Theoretische Erklärungsansätze -- Innovationsdynamik in der EU: Konvergenz oder Divergenz? -- Die Entwicklung der technologischen und wirtschaftlichen Spezialisierungen der EU-Staaten -- Der Beitrag von Innovationen...

The paper investigates the business cycle relationships between the EU-15, the EU-11, as well as the EU-core countries for the period 1971 to 1997. Emphasis is put on the question whether there is a synchronization in the national business cycles or not. Using One-way- and Two-way-Anova...