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Target balances are the largest single item in some of the balance sheets of the Eurosystem’s national central banks (NCBs), and yet very little is known about them by the general public and even by economists. This book shows that Target balances measure overdraft credits between the NCBs...
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Von Anfang an sollte der Euro mehr sein als eine Währung: Er verkörpert den Wunsch nach Einheit und Frieden in Europa. Doch gut ein Jahrzehnt nach seiner Einführung geht ein tiefer Riss durch Europa. Im Süden bleibt die Arbeitslosigkeit unerträglich, die Wirtschaft liegt am Boden. Der...
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The study investigates the consequences of EU Eastern enlargement for labour markets and public finances in Germany …
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This chapter offers a framework to analyse the impact of EU membership on economic ("means"), institutional ("ways …") and social ("ends") convergence of EU11 countries to the frontier. It identifies the channels through which this impact … works: trade, investment, finance, migration and institutions. Using this framework, the analysis finds that EU membership …
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The gravity literature has focused on distance, borders and contiguity to measure geography's impact on trade. We add value to this literature in terms of data, method and assessment of effects. First, we expand existing geographical databases by adding topographical features. We supply novel...
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