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Following German reunification in 1990, East Germany's centrally planned economy was abolished and replaced by West … Germany's social market economy. Western Germany has since provided vast financial support to aid the transformation, and … enable eastern Germany to catch-up with western Germany's productivity and living standards. This book evaluates the main …
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We identify investor moral hazard in the German fiscal federation. Our identification strategy is based on a variable, which was used by the German Federal Constitutional Court as an indicator to determine eligibility of two German states (Länder) to a bail-out, the interest payments-to-revenue...
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distribution of fiscal transfers in Germany's intergovernmental transfer system over the period 1970-2002. It can be shown that …
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