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This paper givers a motivation and a mothod for a fast intergration of the reforming countries of central Europe into … trigger the coordination of expectations towards a fast-growth, catch-up equilibrium, and help central Europe avoid the …
Persistent link: https://www.econbiz.de/10005625602
The removal of barriers to trade and mobility is usually promoted as it allows for greater division of labor and, thereby, for improved economic welfare. Recent theory, however, suggests that the integration of markets might have serious consequences for the regional allocation of economic...
Persistent link: https://www.econbiz.de/10005657325
Persistent link: https://www.econbiz.de/10013261148
Persistent link: https://www.econbiz.de/10001627516
-ups of multinational federations in Eastern Europe. The intensity of trade relations among the constituent parts of …
Persistent link: https://www.econbiz.de/10010514292
The gravity model of trade is utilized to assess the impact of disintegration on trade. The analysis is based on three recent disintegration episodes involving the former Soviet Union, Yugoslavia and Czechoslovakia. The results point to a very strong home bias around the time of disintegration,...
Persistent link: https://www.econbiz.de/10010519058
This paper examines the FDI flows towards two regions in the periphery of Europe: the Central and Eastern European … countries (CEECs) and the countries of Southern Europe. We investigate whether evidence exists for FDI diversion from Southern … Europe to the CEECs. A cursory observation of recent FDI trends might give rise to such claims of diversion. On the basis of …
Persistent link: https://www.econbiz.de/10011476428
The growing prospect of European monetary integration has prompted interest in the study of differences in financial systems and their consequences for monetary transmission processes. This paper analyses the case of a monetary union composed of countries with heterogeneous "credit channels". In...
Persistent link: https://www.econbiz.de/10005583007
This paper analyses the interaction between decisions on monetary policy in the future European Central Bank and different voting mechanisms. Using a simple stochastic model for preferences over monetary policy it is shown that the voting mechanism described in the actual statute leads to...
Persistent link: https://www.econbiz.de/10005697647
Launched as a political bloc and security pact in the aftermath of the Viet Nam War, the Association of Southeast Asian Nations (ASEAN) has evolved to embrace an ambitious economic agenda. Its latest project is to establish the ASEAN Economic Community (AEC) by 31 December 2015. Fulfilling these...
Persistent link: https://www.econbiz.de/10011281269