Showing 1 - 10 of 143
This paper examines the historical record of the Austro-Hungarian monetary union, focusing on its bargaining dimension. As a result of the 1867 Compromise, Austria and Hungary shared a common currency, although they were fiscally sovereign and independent entities. By using repeated threats to...
Persistent link: https://www.econbiz.de/10005136457
This Paper focuses on the pass-through of exchange rate changes into the prices of imports made by euro area countries originating outside the area. Using data on import unit values for 13 different product categories for each country, we estimate industry-specific rates of pass-through across...
Persistent link: https://www.econbiz.de/10005067653
prevent credible secession threats by regions of the country. Severity of internal tension has been linked to degree of …
Persistent link: https://www.econbiz.de/10005123952
determining the likelihood of secession and unification. We provide empirical support for choosing genetic distances as a proxy of … the regions prone to secession and the countries that are more likely to merge. Our framework is further applied to …
Persistent link: https://www.econbiz.de/10005136479
This paper looks at the economic impact of secession through the lens of the disintegration of the former Yugoslavia … there has been no favourable economic impact of secession and that how secession was achieved is key in understanding the … subsequent economic performance of the newly independent countries. In cases of secession without conflict, independence did not …
Persistent link: https://www.econbiz.de/10011083216
In recent decades, the issues of federalism and political integration have gained prominence in public debate as well … as in the academic realm. A frequently made point is that allowing free secession may protect the minority’s interests … unattractive for the minority region. In contrast, limiting the secession possibilities by requiring the consent of a majority of …
Persistent link: https://www.econbiz.de/10005788882
China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper analyses China’s institution - a regionally...
Persistent link: https://www.econbiz.de/10008468688
If efficient economic activity requires appropriate public goods, then changes in the volume and flow of trade will induce changes in the demand for these public goods. In general, if people disagree over their preferred levels of public goods, the expansion of trade may affect the structure of...
Persistent link: https://www.econbiz.de/10005123727
enterprises. Fiscal decentralization combined with monetary centralization (i.e. fiscal federalism) may achieve not only hard …
Persistent link: https://www.econbiz.de/10005124311
number influenced by local business groups. Our findings have implications for the literatures on federalism and on …
Persistent link: https://www.econbiz.de/10005136715