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Am 10. Juli 2012 verhandelte das Bundesverfassungsgericht über den ESM und den Fiskalpakt. Hans-Werner Sinn wurde von dem Gericht als Gutachter bei der Anhörung geladen. Dabei wurde dieser Text in gekürzter Form frei vorgetragen.
Persistent link: https://www.econbiz.de/10010570347
Dietrich Murswiek, Universität Freiburg, analysiert in seinem Kommentar die Maßnahmen zur »Euro-Rettung« unter …
Persistent link: https://www.econbiz.de/10010667409
The size and economic relevance of Europe may imply a new role for the EURO in the international financial markets. But … will the EURO compete with the $US and the Yen for a place in the basket of international currencies? Will that induce a … run trend of the EURO depends on the economic performance of the partner countries as well as on the properties of the new …
Persistent link: https://www.econbiz.de/10005662141
*The European Union will enter Stage Three of Economic and Monetary Union (EMU) in 1999. The development of euro … financial markets and thickness externalities in the use of the euro as means of payment will be the major factors determining … the importance of the euro as an international currency. As euro securities markets become deeper and more liquid and …
Persistent link: https://www.econbiz.de/10005662175
The article analyzes and summarizes several considerations the impact the introduction of the euro had on derivatives …-term interest-rate derivatives it was the German Bund; and among euro indexes are dominant Stoxx indices. Moreover, the trade in …
Persistent link: https://www.econbiz.de/10008549721
The introduction of the euro in 1999 is without any doubt one of the great achievements in the European integration … crisis there was a general perception that the euro zone was a great success. In 2008 the European Commission issued a report … (euro@10; European Commission, 2008) that was unqualified in its praise about the achievements of the euro zone. Then came …
Persistent link: https://www.econbiz.de/10009364191
of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the …
Persistent link: https://www.econbiz.de/10010675910
Small open economies in Europe share many of the same characteristics, policy choices and economic problems. This paper argues that Belgium is profoundly affected by its position as a small open economy in the core of the European Union. Yet, this European dimension does not prevent that even a...
Persistent link: https://www.econbiz.de/10005546003
Seignorage is the capital gain generated by the creation of reserve money. The literature on seignorage shows that countries with highly developed and deep financial systems generate few resources relative to national income (or government revenue) from seignorage. By contrast, countries with...
Persistent link: https://www.econbiz.de/10005486346
Resources to fight the War for Independence from Great Britain (1775-1783) were to be provided to the U.S. Congress by the individual states based on each state’s population share in the united colonies. Congressional spending, however, largely flowed to where the theater of war was located....
Persistent link: https://www.econbiz.de/10005487493