This Study updates three earlier papers in the Economic Affairs Series: Tax Competition in the European Union (ECON 105, October 1998); Tax Co-ordination in the European Union (ECON 125, January 2001); and Tax Co-ordination in the EU: the latest position (ECON 128, March 2002). The text does not...

This study looks at the Euro from a number of different angles. It first examines the theoretical basis for a single currency area in Europe, and then outlines the history of that single currency's creation, from the 'snake' in the 1970s to the introduction of Euro notes and coins at the...

The Single Currency was a logical consequence of the Single Market, and in particular of free capital movement. Monetary union has eliminated the danger of currency crises within the euro area. At the same time, the external exposure of the participating economies, in terms of trade outside the...

This working document is an updated version of the study originally published in 1998 under the title 'Tax Competition in the European Union'. The General Introduction covers the recent history of tax policy within the European Union, and examines the current situation in the fields of Corporate...

This study looks at the u0080 from a number of different angles. It first examines the theoretical basis for a single currency area in Europe; and then outlines the history of that single currency's creation, from the 'snake' in the 1970s to the introduction of u0080 notes and coins at the...

Everyone believes that they know what an interest rate is. This study, however, examines some of the theoretical and practical complexities: the differences between interest, rent and profit; between nominal and real rates; between long and short rates; and how these interact. It looks, in...

Once the euro is a reality, participating Member States will be unable to alter exchange and interest rates. Nor will there be a large federal budget and significant labour mobility, as in the US. How will they then cope with 'asymmetric shocks' ? This study examines these questions in the light...

Die Kommission veröffentlichte unlängst den Entwurf eines Vorschlags zur Änderung der 1990 verabschiedeten Richtlinie über das gemeinsame Steuersystem der Mutter- und Tochtergesellschaften verschiedener Mitgliedstaaten. Er tritt an die Stelle eines ähnlichen Vorschlags, der 1993 vorgelegt...