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In a surprisingly growing number of regions in Germany private "regional currencies" are issued as a cash substitute for the euro. Currently, these regional currencies are conceived almost exclusively as Schwundgeld (depreciative currency), which loses value on a predetermined timescale. This...
Persistent link: https://www.econbiz.de/10010295832
A transactions model of the demand for multiple media of exchange is developed. Some results are expected, and others are both new and surprising. There are both extensive and intensive margins to currency substitution, and inflation may affect the two margins differently, leading to subtle...
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The paper evaluates the political and economic incentives to conclude the EU-Mexico Free Trade Agreement (FTA). It … the EU is likely to gain much more than Mexico. … EU und Mexiko bewertet. Dafür werden die europäische und mexikanische Handelspolitik analysiert und der multilaterale …
Persistent link: https://www.econbiz.de/10010295609
This paper examines the relationship between trade liberalisation and migration in the case of Mexico. The increasing … bilateral trade between Mexico and the United States after signing the North American Free Trade Agreement (NAFTA) was supposed … for illegal migration. The results indicate that increasing trade flows cause larger illegal migration from Mexico to the …
Persistent link: https://www.econbiz.de/10011422132
activity in Mexico is measured using regional coincident indexes recently developed at Banco de México, while US aggregate …
Persistent link: https://www.econbiz.de/10010322545
's academic performance using the case of Mexico. In general, access to free health insurance could improve education outcomes …
Persistent link: https://www.econbiz.de/10010322549
During the last years, Mexico has registered relatively large output falls. The business cycle accounting method of … Chari, Kehoe and McGrattan (2007) is applied to the two most recent recessions in Mexico (including the 'Tequila crisis') in …
Persistent link: https://www.econbiz.de/10010322576