The failure of the Maastricht criteria delayed Estonia's accession to the European Monetary Union (EMU) until January 2011. During this time, trading shares with Eurozone countries declined, raising questions about the optimal accession time. In this study, the macroeconomic effects of...

Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....

For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows that internal current account imbalances inside a currency...

For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows that internal current account imbalances inside a currency...

For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows that internal current account imbalances inside a currency...

Remittances are for a large number of developing countries the most important source of foreign funding. Destination countries of migration, however, fear a outflow of financial funds. Using data for Germany, we analyze the impact of remittances and migration on one of the major sending...

Rücküberweisungen von Migrantinnen und Migranten in ihre Heimatländer (Remittances) haben in den letzten Jahren stark an Bedeutung gewonnen. Remittances werden hierbei auch verwendet, um Beschränkungen bei der Finanzierung einer Selbstständigkeit oder beim Immobilienerwerb zu umgehen....