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EMU and fiscal discipline : the end of the depreciation threat
Heinemann, Friedrich - 1998
Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...
Persistent link: https://www.econbiz.de/10011441669
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EMU and fiscal discipline: the end of the depreciation threat
Heinemann, Friedrich - 1998
Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...
Persistent link: https://www.econbiz.de/10013428171
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The EMU consolidation game - or: does 3.0 really mean 3.0?
Heinemann, Friedrich - 1998
Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...
Persistent link: https://www.econbiz.de/10011441024
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The EMU consolidation game - or: Does 3.0 really mean 3.0?
Heinemann, Friedrich - 1998
Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...
Persistent link: https://www.econbiz.de/10013428121
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Capital mobility within EMU
Stirböck, Claudia; Heinemann, Friedrich - 1999
in the Eurozone. It is the aim of this paper to assess the likely degree of capital mobility in the FH sense within EMU …
Persistent link: https://www.econbiz.de/10011442627
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Capital mobility within EMU
Stirböck, Claudia; Heinemann, Friedrich - 1999
in the Eurozone. It is the aim of this paper to assess the likely degree of capital mobility in the FH sense within EMU …
Persistent link: https://www.econbiz.de/10013428227
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Die Theorie der optimalen Währungsräume und die politische Reformfähigkeit : ein vernachlässigtes Kriterium
Heinemann, Friedrich - 1998
In diesem Beitrag wird neben einem kurzen Überblick über die Argumentationsweise und Probleme der Theorie optimaler … vor allem der Lohnflexibilität, aus. Aus dieser Erweiterung der Theorie der optimalen Währungsräume resultiert Skepsis …In this paper, a short survey is given on the contents and some problems of the theory of optimal currency areas. In …
Persistent link: https://www.econbiz.de/10011441036
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Public deficits and borrowing costs : the missing half of market discipline
Heinemann, Friedrich; Winschel, Viktor - 2001
EMU driven interest rate convergence has led to a significant reduction of borrowing costs for some European governments in the second half of the nineties. The paper deals with the possible consequences for deficit behaviour. Although the impact of interest rates on deficits is a crucial...
Persistent link: https://www.econbiz.de/10013428400
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The political economy of EU enlargement and the Treaty of Nice
Heinemann, Friedrich - 2000
The paper applies standard public choice reasoning to the negotiations on EU enlargement and the Treaty of Nice. The starting point is the assumption that accession can only be successfully completed if the interests of decisive actors in present EU countries are respected. Decisive actors in...
Persistent link: https://www.econbiz.de/10011444905
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The political economy of EU enlargement and the Treaty of Nice
Heinemann, Friedrich - 2000
The paper applies standard public choice reasoning to the negotiations on EU enlargement and the Treaty of Nice. The starting point is the assumption that accession can only be successfully completed if the interests of decisive actors in present EU countries are respected. Decisive actors in...
Persistent link: https://www.econbiz.de/10013428342