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The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary consequences of wage setting, deviating from a...
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We analyze whether financial integration will lead to lower national regulation of domestic banking activities. In our model, banks' efforts and public regulation can lower the probability of bankruptcy. We contrast the national case with an integrated banking market and find that banks will...
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We develop a simple model that looks at the incentives of private banks to behave prudentially and undertake costly efforts to lower the probability of bankruptcy or having to be bailed out by a lender of last resort. Government regulators can force banks to increase efforts beyond the privately...
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wird. Welche Auswirkungen sind von der Erweiterung der Eurozone auf die europäische Wirtschaft zu erwarten? Nach Ansicht … der Eurozone den Zusammenhalt und das Zusammenwirken der alten und neuen Mitgliedstaaten positiv beeinflussen. Im Fall … traditionelle Theorie der optimalen Währungsräume zur Bewertung der Osterweiterung der Eurozone beiträgt. Nach Meinung von Gunther …
Persistent link: https://www.econbiz.de/10003392890