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
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
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
Performance-based promotion schemes in administrative hierarchies have limitations. Chinese provincial leaders, despite facing strong career concerns, make different policy decisions depending on their career backgrounds. Provincial party secretaries who rose from low to high positions within...
Persistent link: https://www.econbiz.de/10011165652
We model an international union as a group of countries deciding together on the provision of public goods or policies that generate spillovers across members. The trade-off between benefits of coordination and loss of independent policy-making endogenously determines size, composition and scope...
Persistent link: https://www.econbiz.de/10005791323
federalism, Chinese style. We suggest a range of incentives that propel local governments toward SOE reform, including their … harder budget constraints and increased competition from the non-state sector. In this sense, Chinese style federalism, has …
Persistent link: https://www.econbiz.de/10005792177
In a federal state, political leaders of constituent units might protect their enterprises from the federal center (e.g., allowing them not to pay federal taxes). The effectiveness of such protection depends crucially on the ability of local authorities to extract rents from enterprises. They...
Persistent link: https://www.econbiz.de/10005792438