Soon, euro area membership could more than double, with the vast majority of accession countries being quite different in economic terms compared with current members. Under the current decision-making system, this can lead to high decisionmaking costs and there is a risk that monetary policy...

Advanced industrial countries have been exhibiting a steady decline of the labor income shares in the last two decades. We explain this phenomenon by resorting to the old Stolper-Samuelson theorem. The conclusions concerning the impact of free trade on the income distribution are unambiguous in...

The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet empirical evidence on the possible magnitudes is still scarce. This paper uses four different datasets to estimate the determinants of international asset holdings and trade...

Die EU-Osterweiterung ist als Teil eines weitreichenden Integrationsprozesses zu sehen und stellt f?r Unternehmen eine gravierende Ver?nderung der Unternehmensumwelt dar. Im Kontext dieser Arbeit wird die EU-Osterweiterung als Ausdehnung des Binnenmarktes verstanden, wobei Handlungsoptionen von...