We look into liberalization issues in the context of the EU Electricity Liberalization. Taking a look at principal issues reveals that the Community Directive 96/92/EC does not really take into account the interdependencies of energy markets. Moreover, third party access is not effectively...

Die vorliegende Analyse thematisiert die Bankenkrise bzw. die Krise der Finanzmarktaufsicht in Deutschland in 2007. Im Anschluss an eine Skizzierung der Hauptprobleme werden zahlreiche Schlussfolgerungen vorgestellt, die auf eine nationale und internationale Reform der Finanzmarktaufsicht...

This paper presents key figures on innovativeness and export dynamics in selected OECD countries and develops some new ideas on optimum R&D policies in open economies. We take a look at some selected indicators of technological and economic competitiveness in the field of RCAs and export unit...

This Paper takes a closer look at the liberalization dynamics in telecommunications in EU. More over, we focus on selected issues of regulating telecommunications in convergent markets. Of particularly interest is the political and institutional division of labour between national regulators and...

From an economic perspective efficiency and innovation are crucial aspects of functional competition in telecommunications where one has to take into account sector specific problems. Besides those specific aspects we consider the topic of significant market power and its evolution. As a special...

Mit den EU-Osterweiterungen vom 1. Mai 2004 und vom 1. Januar 2007 hat die Europäische Union sich enorm vergrößert; zugleich ist mit der Aufnahme Sloweniens ein erstes osteuropäisches Beitrittsland Mitglied der Eurozone geworden. Da Finanzmärkte für die Allokation der Ersparnisse und die...

This paper analyzes the impact of the real exchange rate on trade, structural change and growth. We point out a new approach to monetary growth policy in an open economy with trade and foreign direct investment. Moreover, the analysis presents a paradox effect with respect to the link between...

EU Eastern enlargement has brought trade creation, growth and shifts in trading patterns in the context of opening up, structural change, foreign direct investment and rising domestic investment. We focus on outsourcing and changes in relative prices, RCAs, and export unit values in new EU...

We prove that profit maximization behavior and the neoclassical growth model can be consistent. Moreover, we present a new medium term Keynes-Solow macro model. The short-term Keynesian macroeconomic model shows that a rise in the savings rate will reduce output, while higher savings imply for...

Regional economic integration has made considerable progress in the world economy which raises new challenges with respect to institutional change and for national and international economic policy. We consider the options of integration policy and major shifts in regional gravity centers and...