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that national differences of the pass-through speed in the EU can be regarded as a retail-oriented indicator of financial …
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like the EU deficit limits. The econometric results indicate that the decline is largely due to two developments: First to … privatisation process nor EU deficit restrictions of the Maastricht Treaty can explain the decline. …
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not economic necessity have dictated the consolidation in the EU during the 90s. …
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This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of consumers. It argues that the denomination of prices in a new currency has increased the information-processing requirements for consumers by more than for sellers, a wedge that...
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