Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10010261683
Despite the single currency, yields on government bonds in the Euro Area deviate from German bond yields. These bond spreads are usually attributed to differing default and liquidity risks. Recent research points out that time-varying global factors, approximated by risk measures or short term...
Persistent link: https://www.econbiz.de/10010265252
The member states of the European Union have given up sovereignty in quite a number of policy areas and subjected themselves to joint decisionmaking at the European level. Policy instruments are no longer available nationally in many policy areas, including monetary policy, trade policy, the...
Persistent link: https://www.econbiz.de/10010265421
Since the start of European monetary union, the macroeconomic situation in Germany can in many respects only be … model is constructed that models the euro area as consisting of two regions, Germany and the rest of the euro area. The rest … monetary policy or of exchange rate changes on economic activity in Germany and the euro area. …
Persistent link: https://www.econbiz.de/10010265489
“growth gap” between Germany and the rest of the EMU can be related to the difference in the relation of government … expenditures to GDP. This relation was more or less constant in Germany in the nineties, whereas it declined significantly in the …Das reale Bruttoinlandsprodukt nahm in den neunziger Jahren in Deutschland je Jahr um etwa einen halben Prozentpunkt …
Persistent link: https://www.econbiz.de/10010265528
This paper provides new evidence on Europe's experience with venture capital in the 1990s. Individual countries' activity is not solely determined by country characteristics and a purely domestic history, but also by a common European experience: the interdependence of valuations in primary...
Persistent link: https://www.econbiz.de/10010265583
Persistent link: https://www.econbiz.de/10010275136
Die erste Ölkrise zu Beginn der siebziger Jahre hat weltweit das Interesse an alternativen Energiequellen stark belebt. Während im Bereich leitungsgebundener Energieerzeugung die Kohle eine Renaissance erlebte und die Kernkraftwerke zügig zunahmen, wurden als leitungsungebundene...
Persistent link: https://www.econbiz.de/10010275485
The objective of this paper is to show how to initiate a market for carbon dioxide and other greenhouse gases by introducing a feasible system of tradeable emission permits, which can be applied as an efficient instrument of environmental policy in single countries and in the whole European...
Persistent link: https://www.econbiz.de/10010275526
This paper deals with the interactions between outward investments of western multinationals and export performance of their affiliates in transition countries. It argues that multinationals make an important contribution to increasing, diversifying and up-grading trade, because they are able to...
Persistent link: https://www.econbiz.de/10010275930