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of the regional integration process of its stock exchange market through the Latin American Integrated Market (MILA). It … proposes that the integration of stock exchanges generated transformations within the brokerage sector, and affected companies …, stock exchange integration through MILA has resulted into mergers between local brokerage firms, acquisitions from both …
Persistent link: https://www.econbiz.de/10011859377
identical countries induces a relocation of firms which increases with the level of economic integration as measured by trade … the level of integration is shown to be bell-shaped. …
Persistent link: https://www.econbiz.de/10010262711
This paper analyses the economic effects of the eastern enlargement of the EU both on the existing Member States and the candidate countries using simulation results of a dynamic computable general equilibrium model. In addition to conventional trade policy impacts such as custom union formation...
Persistent link: https://www.econbiz.de/10010262874
integrated economy, both relative to integration across the borders of the German state and in absolute terms. Second, this … barriers that divided Germany along natural trade routes into eastern and western parts. Third, internal integration improved …, while external integration worsened after World War I and again with the Great Depression, in part because of border changes …
Persistent link: https://www.econbiz.de/10010264457
The ongoing process of European integration is likely to increase trade and factor mobility thereby increasing …
Persistent link: https://www.econbiz.de/10010265565
-West border; political integration is not rapidly followed by economic integration. Instead, we estimate that it takes at least …
Persistent link: https://www.econbiz.de/10010266027
the federal member states. Integration and decentralization are not opposite policy strategies but both meaningful if the … approaches in inter- or supra-national integration, fiscal federalism and taxation do exist and have to be successfully …
Persistent link: https://www.econbiz.de/10010270846
In the first part of the report of the GTZ expert group an overview on the basics of integration and tax harmonisation …, the macroeconomic situation is illuminated by some basic figures and the current stand of the inner-community integration … harmonisation is a basic requirement for economic integration. (2) Equality of taxation is an imperative of tax justice and demands …
Persistent link: https://www.econbiz.de/10010271610
This paper focuses on roots of strain in the European Monetary Union (EMU). It argues that there is need for a thorough reform of the governance structure of the Union in conjunction with radical changes in the regulation and supervision of financial markets. Financial intermediation has gone...
Persistent link: https://www.econbiz.de/10011430884
This paper assesses the impact of market power and multinationality in EU12 manufacturing industries on EU integration …
Persistent link: https://www.econbiz.de/10011435095