The behaviour of the dollar exchange rate last year and the concerted action by central banks in the autumn of 1985 have given renewed Impetus to the demand for internationally co-ordinated exchange rate management. How should such attempts at co-operation in the economic and monetary fields be...

According to the memorandum entitled “Microelectronics 2000”, the Japanese and American lead in semi-conductor technology threatens not only the existence of a number of European firms but the prosperity of all the European economies. It therefore concludes that if Europe is not to be at the...

According to the memorandum entitled “Microelectronics 2000”, the Japanese and American lead in semi-conductor technology threatens not only the existence of a number of European firms but the prosperity of all the European economies. It therefore concludes that if Europe is not to be at the...

The behaviour of the dollar exchange rate last year and the concerted action by central banks in the autumn of 1985 have given renewed Impetus to the demand for internationally co-ordinated exchange rate management. How should such attempts at co-operation in the economic and monetary fields be...

Im Zentrum von Herbert B. Schmidts Lebenswerk steht die Privatisierung der Wirtschaft im Baltikum. Sie hat vielen von der Sowjetunion unter Kuratel gehaltenen Nationen bei ihrem Transformationsprozess langwierige und kräftezehrende Umwege erspart. So wurde das Fundament für ihren Aufstieg...

In the two-country Melitz (2003) model, unilateral trade liberalization is often cast as a reduction of iceberg transportation costs and wages are determined by a linear outside sector. We show that welfare results reverse when wages adjust and trade frictions are revenue-generating tariffs.