Suchergebnisse

This paper examines the historical pattern of aggregate demand and supply shocks in several European Monetary System countries in order to assess the desirability of monetary union. Countries with similar patterns of shocks are presumably better candidates for monetary union than those hit by wildly disparate shocks. The historical time series of shocks is identified by estimating a vector autoregressive model while imposing the restriction that demand shocks have no permanent effect on real output. In most cases supply shocks are positively correlated with those of Germany, but the negative correlation of demand shocks suggests that monetary union may not be desirable.

Examining board: Jörn Kruse, University of Hohenheim ; Stephen Martin, EUI, supervisor ; Roger Noll, Stanford University ; Louis Phlips, EUI ; George Yarrow, Oxford University ; Defence date: 7 June 1993 ; First made available online: 31 May 2016 ; The telecommunications industry is in the throes of rapid technological and regulatory change. Markets for terminals and services have been liberalized, and only the provision of networks has remained under the control of national operators. This book analyses from an economist's point of view the benefits which may be expected from the introduction of network competition in Europe, and describes how competition can be reconciled with social objectives. The author first looks at the latest technological developments and discusses the impact of new transmission systems such as mobile phones and satellites, and the convergence of broadcasting and telecommunications. He goes on to weigh up the arguments for and against network competition, looking in particular at the natural monopoly view and at universal service. The third part of the book compares policy in Europe and the USA, with a detailed analysis of the European Commission's approach, and an up-to-date view of the regulatory frameworks in five European member states. Finally, the author sets out a strategy for network competition in Europe which takes into account both the latest developments and the characteristics of the European environment.

Political and military development of the WEU as it relates to defense integration of European Union countries and reduction of military dependence on the US and NATO.

Examines the ramifications of the ongoing politico‐economic unification taking place in Europe. Viner′s theoretical contribution in analysing customs unions is applied to the European Union (EU) in order to determine the implications of the EU on developing countries. Additionally, examines the changes taking place in the formerly planned economies of Central and Eastern Europe in an effort to understand the diversion effect faced by developing countries better. Finally, identifies different levels of competition: competition within the EU and outside the EU, competition between EU and non‐EU firms, and competition among non‐EU actors.