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The competition between competition rules

Sinn, Hans-Werner - 1999

Open borders imply systems competition. This paper studies the implications of systems competition for the national co …

Persistent link: https://www.econbiz.de/10009781687

The new systems competition

Sinn, Hans-Werner - 2001

While the old systems competition took place with closed borders, globalisation has brought about a new type of systems … competition that is driven by the mobility of factors of production. The new systems competition will likely imply the erosion of … induced the respective government activity in the first place. The new systems competition will force inefficient governments …

Persistent link: https://www.econbiz.de/10011408441

International implications of German unification

Sinn, Hans-Werner - 1996

Persistent link: https://www.econbiz.de/10000614470

Social union, convergence and migration

Sinn, Hans-Werner; Ochel, Wolfgang - 2003

The forces of the market and systems competition bring about economic and social convergence in Europe. There is no …

Persistent link: https://www.econbiz.de/10011507973

EU enlargement and the future of the welfare state

Sinn, Hans-Werner - 2000

create competition among western European states to frighten off potential migrants, which would lead to an erosion of the …

Persistent link: https://www.econbiz.de/10009781584

Seignorage wealth in the Eurosystem : eurowinners and eurolosers revisited

Sinn, Hans-Werner; Feist, Holger - 2000

The rules laid down in Article 32 of the Protocol No. 18 on the Statute of the European System of Central Banks and of the European Central Bank of the Maastricht Treaty will significantly redistribute European seignorage income and hence the implicit entitlement to the 352 billion stock of...

Persistent link: https://www.econbiz.de/10009781634

EU enlargement, migration, and lessons from German unification

Sinn, Hans-Werner - 1999

The paper studies the role of international implications after EU enlargement. Based on a formal model with migration costs for both capital and labor, it predicts a two-sided migration from the new to the old EU countries which is later reversed. As the migration pattern chosen by market forces...

Persistent link: https://www.econbiz.de/10009781677

The effective rate of interest on target balances

Sinn, Hans-Werner - 2019

While the formal decision of the ECB Council to impose interest on Target claims and liabilities is meaningless, this paper shows that the pooling of primary interest income among national central banks in the Eurozone implies that Target and cash balances do, in fact, bear an effective rate of...

Persistent link: https://www.econbiz.de/10012110196

Why has the Euro been falling?

Sinn, Hans-Werner; Westermann, Frank - 2001

This paper reconsiders the determinants of the exchange rate by studying the historical episode after the fall of the Iron Curtain. Testing a modified portfolio balance model, we attribute the strength of the deutschmark in the early nineties and the puzzling decline of the euro during its...

Persistent link: https://www.econbiz.de/10011398903

The ECB's fiscal policy

Sinn, Hans-Werner - 2018

While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and moved into fiscal territory. This text describes and summarises the crucial role played by the ECB in the intervention spiral resulting from its bid to manage the crisis. It also...

Persistent link: https://www.econbiz.de/10011845207