This contribution revises Monte-Carlo based simulation techniques as used in Business Taxation and Accounting literature, most prominently proposed by fellows of arqus. Therefore, we focus on a methodically orientated discussion. Our results suggest that the standard approach leads to biased...

This paper provides evidence of heterogeneous treatment effects on trade from switching among three types of de-facto exchange rate regimes: freely floating, currency bands, and pegs or currency unions. A cottage literature at the interface of macroeconomics and international economics focuses...

This volume was prepared by Luise Röpke while she was working at the Ifo Institute. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It includes three self-contained chapters about aspects of the integration of new...