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Despite or because? - Some lessons of German unification for EU enlargement

Busch, Ulrich; Müller, Christian - 2004

The former German chancellor Helmut Schmidt holds that despite the huge transfers from West to East Germany the East German economy does not take off as it was widely expected. We argue it is not despite these transfers but because of them. Building on the common features of the extension of the...

Persistent link: https://www.econbiz.de/10010285916

R&D races and spillovers between the EU and the US: Some causal evidence

Atukeren, Erdal - 2005

This paper examines the relationships between the R&D sector activities of the EU and the US using multivariate Granger-causality tests. The multivariate framework employed also allows us to make causal inferences about the effects of R&D activity on labour productivity in the home and foreign...

Persistent link: https://www.econbiz.de/10010285917

Eine Wirtschaftsregierung für Europa? Die EU braucht bessere governance, aber kein gouvernement économique

aus dem Moore, Nils - 2010

Die Idee einer europäischen Wirtschaftsregierung ist so alt wie die Pläne für das Projekt der europäischen Wirtschafts- und Währungsunion (EWU). Sie wurde schon im Rahmen der ersten Überlegungen zu einer EWU formuliert und seitdem insbesondere von französischen Politikern und Ökonomen...

Persistent link: https://www.econbiz.de/10010286069

The euro after its first decade: Weathering the financial storm and enlarging the euro area

Regling, Klaus; Deroose, Servaas; Felke, Reinhard; … - 2010

The first decade of economic and monetary union in Europe (EMU) has been a huge success. EMU has significantly benefited its member countries and accelerated the European integration process. Imbalances within EMU - differences in growth, inflation, competitiveness, current account and budget...

Persistent link: https://www.econbiz.de/10010286088

Promoting domestic reforms through regionalism

Dee, Philippa; McNaughton, Anne - 2011

There is a strong presumption among economists that domestic reforms are promoted by regionalism. Yet strong empirical evidence for this proposition is lacking. This paper examines both the theoretical arguments and empirical evidence on this issue, drawing on the relevant economic, political,...

Persistent link: https://www.econbiz.de/10010286099

The eurozone in the current crisis

Wyplosz, Charles - 2010

European Central Bank (ECB) intervened promptly and massively to attempt to maintain liquidity in the money market, it has been …

Persistent link: https://www.econbiz.de/10010286102

Appropriate financial instruments for public-private partnership to boost cross-border infrastructural development-EU experience

van der Geest, Willem; Nunez-Ferrer, Jorge - 2011

ultimately may become a contingent liability for the country's public finances. However, EU and European Investment Bank (EIB … using such funds lead to better preparation of projects and greater efficiency gains in project implementation and delivery. …

Persistent link: https://www.econbiz.de/10010286166

Managing multinational infrastructure: An analysis of European Union institutional structures and best practice

van der Geest, Willem; Núñez-Ferrer, Jorge - 2011

particular the European Commission and the European Investment Bank (EIB), have performed such a facilitating and enabling role … Community budget and/or the European Investment Bank, these resources always complement national budgetary allocations and … broker can be fulfilled by multi-lateral institutions such as the Asian Development Bank and the United Nations Economic and …

Persistent link: https://www.econbiz.de/10010286178

Money and Inflation in the euro area during the financial crisis

Dreger, Christian; Wolters, Jürgen - 2011

This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by including the recent period of the financial crisis. Evidence is based on a cointegration analysis, where inflation and asset prices are allowed to enter the long run relationship. By...

Persistent link: https://www.econbiz.de/10010286288

Ramifications of debt restructuring on the euro area: The example of large European economies' exposure to Greece

Belke, Ansgar; Dreger, Christian - 2011

The Greek government budget situation plays a central role in the debt crisis in the euro area. The debt to GDP ratio is above 150 percent, while the deficit to GDP ratio exceeds 10 percent. To re-establish the Maastricht criteria, respectively, strong consolidation measures need to be...

Persistent link: https://www.econbiz.de/10010286303