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Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone … European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … Eurozone countries, so the advent of the euroappears to have been associated with a shift in exchange risk from systematic to …
Persistent link: https://www.econbiz.de/10009475709
Since gaining political independence in 1975, Papua New Guinea has always aspired to economic development. Throughout the subsequent years, it identified shaping and implementing an appropriate wage policy as one of the most practical policies to facilitate an economic environment conducive to...
Persistent link: https://www.econbiz.de/10009482220
This paper studies the structural impact of wage and price control policies in socialist transitional economies using a two-sector three-factor small open economy model. It illustrates the results quantitatively via simulation exercises. At the earlier stage of the transition when labor is...
Persistent link: https://www.econbiz.de/10009444159
Die Internationalisierung der Wettbewerbspolitik wird unter dem Aspekt untersucht, wie Staaten ihre wettbewerbspolitischen Maßnahmen im internationalen Handel strategisch ausnutzen können. In Analogie zur strategischen Handelspolitik werden die unilateral gesetzten Wettbewerbspolitiken mit der...
Persistent link: https://www.econbiz.de/10009471701
Angesichts der Bedeutung ausländischer Direktinvestitionen in den globalen Wirtschaftsbeziehungen ist ein multilaterales Investitionsabkommen (MAI) zwingend notwendig. Dieses sollte die Liberalisierung der Etablierung und des operativen Geschäfts ausländischer Investoren induzieren wie auch...
Persistent link: https://www.econbiz.de/10009476266
In this paper we argue that, for a group of converging economies of the European Union, participation in the euro area has been associated with easier access to financing by domestic economic agents. Easier access to financing was a significant impulse leading to a sharp increase in households'...
Persistent link: https://www.econbiz.de/10009440740
In this paper, we provide evidence on the nature and the relative importance of domestic and foreign shocks in Slovak economy based on block-restriction vector autoregression model in 1999-2007. We document well-functioning monetary transmission mechanism in Slovakia. Subject to various...
Persistent link: https://www.econbiz.de/10009477391
the Euro-zone. Moreover, the EMU creates conditions for economic and monetary stability all over Europe which allows for …
Persistent link: https://www.econbiz.de/10009478178
La traslación del tipo de cambio (ERPT, por sus siglas en inglés) a los precios de importación y consumo en la Unión Europea es, en términos agregados, menor que en los años 90 y tiene un comportamiento no lineal. Estimaciones agregadas de una traslación pequeña a los precios al consumo...
Persistent link: https://www.econbiz.de/10012523788
La aparición de diferenciales soberanos dentro de la Unión Económica y Monetaria (UEM) responde a que los mercados incorporan en el precio de la deuda pública los fundamentales heterogéneos de los países, pero también el riesgo de redenominación, dada la naturaleza incompleta de la UEM....
Persistent link: https://www.econbiz.de/10012525473