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Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...
Persistent link: https://www.econbiz.de/10011441024
Währungsunion. Hintergrund für diese Erweiterung ist das in Deutschland, aber auch in manchen anderen EU-Staaten, zu beobachtende …
Persistent link: https://www.econbiz.de/10011441036
Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...
Persistent link: https://www.econbiz.de/10011441669
Since the negotiation of the Maastricht Treaty in December 1991 expectations on the new European currency could possibly influence European interest rates. The focus of this paper is both on the theoretical and empirical analysis of the link between European Monetary Union (EMU) and German...
Persistent link: https://www.econbiz.de/10011621678
Abstract: Die neuen als auch die bisherigen Mitgliedstaaten der EU stehen vor großen Herausforderungen im Hinblick auf … Recht als notwendige Bedingung für eine auf Dauer erfolgreiche Europäische Währungsunion, deren Mitglieder die neuen EU … Nachhaltigkeit der Haushaltspolitik in den neuen EU-Staaten. Dabei kommt ein vielfältiges analytisches Instrumentarium zum Einsatz …
Persistent link: https://www.econbiz.de/10011674914
This study aims to give guidance for a better-performing EU through an improved allocation of competences between the … new national competence (if the policy is currently assigned to the EU). The comprehensive, quantification … support at the national level. Conversely, a shift of competences to the EU level would be advantageous when it comes to …
Persistent link: https://www.econbiz.de/10011845467
Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mobility in the sense of Feldstein and Horioka (FH) can limit the negative consequences of shocks affecting the saving capacity of an economy in the Eurozone. It is the aim of this paper to assess...
Persistent link: https://www.econbiz.de/10011442627
A rational financial constitution of the EU should be able to fulfil redistributive objectives at minimum costs. The … and the pressure will increase to open new financial sources for the EU in form of a competence to issue debt and to …
Persistent link: https://www.econbiz.de/10011443326