Grenzüberschreitende Unternehmensverflechtungen, insbesondere Unternehmenskooperationen, können bei ökonomischer Integration in peripheren Regionen Impulse für das regionale Wachstum und eine Konvergenz der Grenzräume geben. Anhand der Analyse des Kooperationsgeschehens im...

This paper analyses the Balassa and Samuelson hypothesis in two groups of European countries: six New Member States (NMS) and six advanced EU-15 economies. It is found that the second stage of the hypothesis, which relates relative sector prices with the real exchange rate, does not hold...

This paper investigates, using the SVAR model of Clarida and Gali (1994), the sources of real exchange rate fluctuations in eight Central and East European new EU member states. Theoretically, one should expect the real exchange rates of Exchange Rate Mechanism II participants to be primarily...