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A rational financial constitution of the EU should be able to fulfil redistributive objectives at minimum costs. The … the consequences of a continuing incapacity to reform the financial constitution: Eastern enlargement will be in danger …
Persistent link: https://www.econbiz.de/10010297647
With the introduction of the Euro, a single European money market has emerged. Further wholesale financial markets are considered to be highly integrated within the European Union. However, integration in retail financial markets is less advanced. For measuring financial market integration this...
Persistent link: https://www.econbiz.de/10010298099
With the introduction of the euro, a single European money market has emerged. Further wholesale financial markets are considered to be highly integrated within the European Union. However, integration in retail financial markets is less advanced. For measuring financial market integration this...
Persistent link: https://www.econbiz.de/10010301768
Persistent link: https://www.econbiz.de/10003719492
Persistent link: https://www.econbiz.de/10000648793
Verl.Beschr. (auch Zentralabitur-Thema 2012): Die Kohäsionspolitik wird wie alle anderen Ausgaben des EU-Haushalts zusammen mit der Einnahmeseite in die gegenwärtige umfassende Generalüberprüfung des EU-Finanzsystems einbezogen. Die Studie will zu dieser Überprüfung durch Behandlung einer...
Persistent link: https://www.econbiz.de/10003906599
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
are under the control of economic policy are of major importance. With this assumption, the ability to adjust these … labour mobility or wage flexibility - seems to have overlooked the importance of economic policy in the adjustment process … centralisation of economic policy in Europe, as for example on the field of employment policy. EMU means that there is an increasing …
Persistent link: https://www.econbiz.de/10011441036
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
Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mobility in the sense of Feldstein and Horioka (FH) can limit the negative consequences of shocks affecting the saving capacity of an economy in the Eurozone. It is the aim of this paper to assess...
Persistent link: https://www.econbiz.de/10011442627