Als im Jahr 1973 das internationale Währungssystem von Bretton Woods zusammenbrach, stand die D-Mark als stabile Währung weltweit an der Spitze ihres Ansehens. Der Dollar unterlag einem permanenten unter Abwertungsdruck, weil die amerikanische Federal Reserve über Jahre das USHaushaltsdefizit...

In the programming period 2007-2013, the European Structural and Investment Fund (ESIF) invested €237 million in Slovak hospitals. We investigate whether this injection of additional funds has improved the quality of healthcare in the targeted hospitals. As a measure of quality, we use the...

We document a robust relation between corporate tax differentials and US international financial integration (IFI). While this is the case for traditional IFI based on cross-border positions, the positive link also emerges for its larger consolidated-by-nationality version. The gap between these...

Im Zuge der Corona-Krise erfuhr die Finanzierungsgrundlage der EU größere Änderungen, die in der Frage resultieren, welche Form die zukünftige Finanzverfassung der EU annehmen wird. Der zusätzliche Wiederaufbaupakt mit einem Volumen von drei Vierteln des neuen mehrjährigen Finanzrahmens...

The aim of the European Union's cohesion policy is to reduce development inequalities between the regions of the Member States and to increase economic, social, and territorial cohesion. Expenditures on it account for one‑third of the European Union (EU) budget. Therefore, the appropriate and...

This paper investigates the emerging influence of the Chinese renminbi on the exchange rate movements of East Asian currencies. China stopped pegging her currency to the US dollar and moved into a managed floating exchange rate system on July 21, 2005. The change in China’s exchange rate...

In der Juliausgabe veröffentlichte der Wirtschaftsdienst einen Aufsatz von Georg Erber mit dem Titel „Irrungen und Wirrungen mit der Leistungsbilanzstatistik“. Dazu äußert sich Jan Priewe kritisch. Anschließend stellt Georg Erber in einer Erwiderung seine Sicht dar.

This study attempts to investigate the evolution of dynamic linkages and volatility spillover between the five countries of the Association of Southeast Asian Nations (ASEAN-5) stock markets and China's economic activities. By using the movements and structural breaks of the time-varying...

Objective: The objective of the article is to determine which exchange rate regime provides higher bilateral trade: fixed rate or currency union. Research Design & Methods: An index was designed based on variables commonly recognised as those that might affect the value of bilateral trade and...

China is a fascinating country in Asia, the second-largest economy in the world, with incredible economic growth and development in the last two decades. In addition, China has dramatically enjoyed a disciplined and successful financial integration with the region and the world in the same...