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Im Rahmen eines Tests der spekulativen Effizienz auf den Devisenmärkten Polens, der Tschechischen Repubik, Ungarns und der Slowakei kann für den Beobachtungszeitraum von 1999 bis Mitte 2002 keine Kointegrationsbeziehung zwischen Termin- und Kassakursen gegenüber dem Euro nachgewiesen werden....
Persistent link: https://www.econbiz.de/10011432050
After the collapse in the early years of transition, saving rates in many EU-accession countries have recovered and … savings. Is saving behaviour in EU-accession countries now driven by the same forces as it is in market economies? We use a …
Persistent link: https://www.econbiz.de/10011436998
This paper discusses the eastward enlargement process of the EU in the framework of a simple war of attrition … bargaining game. Both players - the existing EU members and the applicants - benefit from enlargement, yet for the applicants … reform to the acquis is costly, while the EU prefers substantially reformed candidates. A waiting game unfolds. Within this …
Persistent link: https://www.econbiz.de/10011438327
After the collapse in early transition years, saving rates in Eastern European EU-accession countries have recovered … strongly. Is private saving in these countries now driven by the same forces as in the EU? A GMM estimator is applied to … substitutes. Long-run effects of income growth and public saving are larger in the EU than in the candidate countries, indicating …
Persistent link: https://www.econbiz.de/10011438969
This paper argues that the balance between the size of EU incentives and the costs of democratic transformation has … government that had a strong pro-EU identity proved to be a promising facilitator of external democracy promotion efforts. …
Persistent link: https://www.econbiz.de/10011440485
I analyze spillover effects from Euro area monetary policy shocks to thirteen EU countries outside the Euro area, i ….e., ten countries from Central and Eastern Europe (CEE) and three Western EU members. The analysis is based on a FAVAR model …
Persistent link: https://www.econbiz.de/10011440779
Persistent link: https://www.econbiz.de/10011545912
The countdown to the realisation of the Single European Market at the end of 1992 is taking place parallel to drastic political and economic changes in Eastern Europe Both of these processes will affect relations between the EC and the CMEA countries The following article analyses the possible...
Persistent link: https://www.econbiz.de/10011546248
Persistent link: https://www.econbiz.de/10011548023