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This paper examines the likely impact of Capital Adequacy Directive (CAD) on European Securities markets, focusing in particular on the competitive consequences for institutions engaged in the trading of equity securities.
Persistent link: https://www.econbiz.de/10005486633
Today, a variety of financial systems exists in Europe. In view of EMU the question then arises what kind of …
Persistent link: https://www.econbiz.de/10005487209
The paper analyzes the role of a multilateral payments union (PU) between East European countries (EEPU) as an intermediate solution in the process to full convertibility. After a description of the main functions of a PU, which is based on the historical model of the European Payments Union, it...
Persistent link: https://www.econbiz.de/10005497971
Persistent link: https://www.econbiz.de/10005734368
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The paper uses a full-scale CGE-model -calibrated on 1992 data- to investigate the effects of European integration on the location of industrial production. Our results reveal large differences among individual industries.
Persistent link: https://www.econbiz.de/10005646732
We revisit Western Europe’s record with labor-productivity convergence, and tentatively extrapolate its implications … for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both … Eastern Europe the employment share of agriculture is typically quite large, and agriculture is particularly unproductive …
Persistent link: https://www.econbiz.de/10010745276
projects in Greater Europe — the European project (European Union) and the Eurasian project (Russia, the Customs Union and the …
Persistent link: https://www.econbiz.de/10011156972
This article documents and examines the integration of markets across the early modern/late modern divide, exploiting the largest dataset compiled to date on grain prices, spanning one hundred European cities evenly spread across land-locked and low-land areas. Using those series, it studies...
Persistent link: https://www.econbiz.de/10011042830
Despite current political headwinds, there is need for a timely expert assessment of the comprehensive economic integration between the European Union (EU) and the emerging Eurasian Economic Union (EEU). This report constitutes a preliminary methodological study. It starts off by offering a...
Persistent link: https://www.econbiz.de/10011167231