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"This study grounds the establishment of EMU and the euro in the context of the history of international monetary cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to reduce transactions costs of multiple currencies and...
Persistent link: https://www.econbiz.de/10013445840
substantially reduced trade costs and has enlarged the choice sets of music consumers around the world. Using comprehensive data on … appealing to world consumers. We conclude that a combination of c) and d) offers the most credible explanation for the observed …
Persistent link: https://www.econbiz.de/10011979740
Persistent link: https://www.econbiz.de/10009513422
This study investigates the extent to which diplomatic relations affected merger and acquisition (M&A) activities in the European Union during the years 2001- 2019. Implementing a gravity model, we find a U-inverted relationship between diplomatic distance and M&A activities: (i) a worsening in...
Persistent link: https://www.econbiz.de/10012549998
The EU seeks to create a seamless online Digital Single Market for media products such as digital music and film. The territoriality of the copyright regime is often perceived as an obstacle that induces geographical segmentation. This paper provides empirical evidence on the extent of market...
Persistent link: https://www.econbiz.de/10011980113
economic policy. In our empirical analysis, based on an extensive dataset covering most of world trade, we find that GSP tends …
Persistent link: https://www.econbiz.de/10009751386
Persistent link: https://www.econbiz.de/10000937794
Persistent link: https://www.econbiz.de/10000668338