This paper investigates the relationship between the exchange rate regime and the degree of structural reforms using panel data techniques. We look at a broad sample of countries (the "world sample") and also an OECD sample. Our main findings suggest that adopting a fixed exchange rate rule is...

Die aktuelle Covid‐19-Pandemie offenbart einmal mehr die Vulnerabilität hoch entwickelter Ökonomien in Bezug auf unerwartete exogene Schocks. Vor diesem Hintergrund analysiert der vorliegende Beitrag am Beispiel der Europäischen Union, unter welchen Voraussetzungen kleine und mittlere...

The European Council selects the EMU participants by a vote with a qualified majority. These voting requirements influence the benefit-cost-considerations of the EU states and may make it necessary to loosen the convergence criteria and/or to grant side payments, in order to achieve the...