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From Bismarck to Maastricht : The March to European Union and the Labor Compact

Krueger, Alan B. - 2000

This paper considers the likely impact that European Union (EU) will have on the labor compact. It is argued that … integration will place on the labor compact. Evidence is presented suggesting that labor mobility among EU countries has not … increased after the elimination of remaining restrictions on intra-EU labor mobility in 1993. Moreover, immigration from non-EU …

Persistent link: https://www.econbiz.de/10012471320

The Politics of 1992 : Fiscal Policy and European Integration

Persson, Torsten - 1990

The internal market in Europe will greatly increase the international mobility of resources. How will this affect fiscal policy in different countries? The first part of the paper considers taxation of capital in a two country model, where a democratically chosen government in each country...

Persistent link: https://www.econbiz.de/10012475567

Trade and Structural Interdependence Between the U.S. and the NICs

Branson, William H. - 1984

During the decade since 1973, the U.S. economy has become increasingly interdependent with the newly industrializing countries (NICs) among the developing countries. These countries have had high investment ratios to GNP, financed mainly by domestic saving, but also partly by foreign borrowing....

Persistent link: https://www.econbiz.de/10012477813

The International Market for Corporate Control

Chari, Anusha - 2020

This paper documents a set of stylized facts about recent trends in cross-border M&A (CBMA) activity around the world. The facts focus on key features of CBMA such as (i) the magnitude; (ii) how it varies across industries and locations; (iii) how it compares to levels of greenfield FDI over time;...

Persistent link: https://www.econbiz.de/10012479366

Borders within Europe

Santamaría, Marta A. - 2020

Are country borders still an impediment to trade flows within Europe? Using a rich microlevel survey with 3 million annual shipments of goods by road across 269 European regions, we construct a matrix of bilateral trade flows for 12 industries from 2011 to 2017. We then use the causal inference...

Persistent link: https://www.econbiz.de/10012482519

Has the European Union Achieved a Single Pharmaceutical Market?

Timur, Aysegul - 2010

This paper explores price differences in the European Union (EU) pharmaceutical market, the EU's fifth largest industry …. With the aim of enhancing quality of life along with industry competitiveness and R&D capability, many EU directives have … been adopted to achieve a single EU-wide pharmaceutical market. Using annual 1994-2003 data on prices of molecules that …

Persistent link: https://www.econbiz.de/10012462395

Towards a Common European Monetary Union Risk Free Rate

Mayordomo, Sergio - 2009

A common European bond would yield a common European Monetary Union risk free rate. We present tentative estimates of this common risk free for the European Monetary Union countries from 2004 to 2009 using variables motivated by a theoretical portfolio selection model. First, we analyze the...

Persistent link: https://www.econbiz.de/10012463297

What Lies Beneath the Euro's Effect on Financial Integration : Currency Risk, Legal Harmonization, or Trade?

Kalemli-Ozcan, Sebnem - 2009

Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms remain unknown. We investigate the underlying channels of the euro's effect on financial integration using data on bilateral banking linkages among twenty industrial countries in the...

Persistent link: https://www.econbiz.de/10012463615

A New Metric for Banking Integration in Europe

Gropp, Reint - 2009

Most observers have concluded that while money markets and government bond markets are rapidly integrating following the introduction of the common currency in the euro area, there is little evidence that a similar integration process is taking place for retail banking. Data on cross-border...

Persistent link: https://www.econbiz.de/10012463912

A Long Term Perspective on the Euro

Bordo, Michael D. - 2008

This study grounds the establishment of EMU and the euro in the context of the history of international monetary cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to reduce transactions costs of multiple currencies and...

Persistent link: https://www.econbiz.de/10012464832