| Sinn, Hans-Werner (1996): International Implications of German Unification. Discussion Paper / Centre for Economic Policy Research (CEPR), 1508 |
Volltext auf 'Open Access LMU' nicht verfügbar.
Externer Volltext: 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
| Dokumententyp: | Paper (Discussion Paper) |
|---|---|
| Fakultät: | Volkswirtschaft
Volkswirtschaft > Lehrstühle > Lehrstuhl für Nationalökonomie |
| Themengebiete: | 300 Sozialwissenschaften > 330 Wirtschaft |
| Sprache: | Englisch |
| ID: | 19835 |
| Veröffentlicht am: | 15. Apr. 2014 08:54 |
| Letzte Änderungen: | 29. Apr. 2016 09:17 |
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