| Sinn, Hans-Werner (1996): International Implications of German Unification. Discussion Paper / Centre for Economic Policy Research (CEPR), 1508 |
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External fulltext: http://www.cepr.org/pubs/dps/DP1508.asp
Abstract
This paper advances the hypothesis that the EMS crisis was caused by German unification. Unification stimulated massive resource demand, which paralleled resource demand in the United States following Reagan’s tax reforms in the 1980s. The resource demand revised German interest rates relative to the rest of the world, which brought about devaluations of other European currencies. The paper identifies those European currencies needing revaluation before they can join the European currency union. ; Direct Investment; Joint Ventures; Privatization; Transformation Economies
| Item Type: | Paper (Discussion Paper) |
|---|---|
| Faculties: | Economics Economics > Chairs > Chair for Public Economics |
| Subjects: | 300 Social sciences > 330 Economics |
| Language: | English |
| ID Code: | 19835 |
| Deposited On: | 15. Apr 2014 08:54 |
| Last Modified: | 29. Apr 2016 09:17 |
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