I should like to divide my remarks today on the process of European Monetary Integration into three parts. The first is a brief assessment of the progress towards convergence. Under the Treaty, the EMI is assigned an important role in assessing whether countries entering Economic and Monetary...

The European leasing industry is highly concerned by recent developments in theaccounting of lease contracts.LEASEUROPE fears that a profound change to the principles governing the accountingof lease contracts would have serious consequences for the industry in continentalEurope. The Federation...

National borders are still strong barriers for mergers and acquisitions inEurope. We estimate a gravity equation model based on NUTS 2-regionsand find that the restraining impact of national borders decreased byabout a third between 1990 and 2007. However, there has been nosignificant change...

Mit den Begriffen „Europastrategie" und „Allfinanzstrategie" werdenAusgangsüberlegungen, Analysen, Konzepte und Maßnahmebündel derKreditinstitute für ihre langfristige Positionierung im Markt beschrieben.Häufig — wenn nicht sogar üblicherweise — werden diese Strategien imKern...

Die Welt von heute ist Globalisierung, Deregulierung, Individualisierung und Digitalisierung.Nicht nur geballt in Worten, auch in der Realität prägen diese Phänomene Zeitgeistund Zeitgeist-Handeln. Der technisch-ökonomische Basistrend heißt digitaler Kapitalismusglobal und total. Die...

Why do some countries join the EU earlier than others, why do others wait? Inorder to answer this question we apply the theory of investment under uncertainty (Dixit andPindyck, 1994) to the decision on EU-membership. We develop a simplified model of twoperiods to study how the value of waiting...

The depth of industry integration between European ‘West’ and ‘East’ depends on thesimultaneous existence of several factors, which, through mutual complementarities,align global and local networks. This paper takes the case of Asea Brown Bowery (ABB),one of the first large investors in...

Using linked employer-employee data from the German Structure of Earnings Survey 2001,this paper provides a comprehensive picture of the wage structure in three wage-settingregimes prevalent in the German system of industrial relations...