Download or read book German Unification and Its Impact on Net Savings written by Horst Siebert and published by . This book was released on 1993 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book GERMAN UNIFICATION AND ITS IMPACT ON NET SAVING written by Horst SIEBERT and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Implications of German Unification for the Federal Republic and the Rest of the World written by Mr.Paul R. Masson and published by International Monetary Fund. This book was released on 1990-09-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic effects of German unification are first discussed in the context of a global saving/investment model. Next, simulations of MULTIMOD are presented, suggesting for the FRG an initial increase in long-term real interest rates equal to 3/4 of a percentage point, increased output, a temporary half-point rise in inflation, a modest real appreciation of the deutsche mark, and a reduction of the (combined GDR and FRG) current account surplus equal to 2 percent of GNP. Effects on the rest of the world seem to be relatively small. Different policies are examined within the EMS, and other simulation studies are surveyed.
Download or read book German Unification written by Mr.Paul R. Masson and published by International Monetary Fund. This book was released on 1996-05-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews early simulations of the effects of German unification using three different rational-expectations multi-country models. Despite significant differences in their structures and in the implementations of the unification shock, the models delivered a number of common results that proved reasonably accurate guides to the direction and magnitude of the effects of unification on key macroeconomic variables. Unification was expected to give rise to an increase in German aggregate demand that would put upward pressure on output, inflation, and the exchange rate, and downward pressure on the current account balance. The model simulations also highlighted contractionary effects of high German interest rates on EMS countries.
Download or read book Economic Aspects of German Unification written by and published by . This book was released on 1992 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: German unification is changing central Europe, the EC and international economic and political relations. Prosperous West Germany with its "social market economy" has absorbed the socialist GDR which is facing a complex systemic tranformation process. This volume analyzes the causes, developments, and processes that are associated with German unification. The merger of the two Germanies provides a unique laboratory like example of institutional and economic changes against which established economic theoreis and economic policy concepts can be tested. German unification raises, of course, many new questions for Grmany itself, Europe, and the whole international community. Will the enlarged Germany become a new economic giant in Europe and can the FRG maintain stability and prosperity? What macroeconomic and structural problems are faced by the new Germany and what are the effects for trade, investment, and growth in Germany`s partner countries? Will East Germany catch up with the West and can this process serve as a model forEastern Europe? What are the views of Poland and the USSR, and what implications arise for Western Europe and the United States? Finally, how isthe triangular relationship between the U.S., the EC, and Japan affected, and how does this affect the United States` ability to organize economic cooperation with Japan, Germany, and other leading economies?
Download or read book German Unification and Its Impacts on the US Economy written by Gustav Adolf Horn and published by . This book was released on 1993 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book German Unification and the International Economy written by Bernhard Heitger and published by Routledge. This book was released on 2005-06-23 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1990s are already witnessing major changes in the international macroeconomy. The savings of the world's two major creditor nations, Japan and Germany, are likely to shrink further whilst investment demand, particularly in Eastern Europe, rises dramatically. The resulting global investment flows will have profound macroeconomic and growth effects, including the potential for higher real interest rates and resource shifts. German Unification and the International Macroeconomy examines these issues, taking Germany as its focus. Germany has been uniquely involved in these changes and its experience is important in its own right. It also has wider implications, particularly for the further integration of east and west Europe. The authors explore both these and spillovers for the global macroeconomy.
Download or read book German Unification written by International Monetary Fund and published by International Monetary Fund. This book was released on 1990-12-04 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses comparison of economic and social indicators in the year 1988 between Federal Republic of Germany (FRG) and German Democratic Republic (GDR). The budgetary costs of unification will be substantially larger than initially envisaged. Moreover, if one adds to the budget the increases in government debt related to equalization paper, a portion of the old enterprise debt on the books of the banks. The Trust Fund has been assigned a task or enormous scope and complexity: the privatization, restructuring, and in some cases, liquidation of 8000 enterprises with 4 million employees. Even taking care of the short-run financial problems of these enterprises has proved daunting; the more fundamental task will be near impossible to achieve with any rapidity. It is clearly essential to the success of economic integration that capital allow east rather than labor flowing west and that income growth and new opportunities arc enough to meet reasonable aspirations on the pan of the residents of East Germany.
Download or read book Wealth Inequality and Private Savings The Case of Germany written by Mai Dao and published by International Monetary Fund. This book was released on 2020-06-26 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the interaction between corporate ownership concentration and private savings, and by extension, the current account balance in Germany. As high corporate savings largely reflected capital income accruing to wealthy households and increasingly retained in closely-held firms, the buildup of external imbalances in Germany has been accompanied by widening top income inequality, rising private savings and compressed consumption rates. Rising corporate profits in an environment of high business wealth concentration account for 90 percent of the rise in the private savings rate and a third of the increase in the German current account surplus over 1999–2016.
Download or read book The East German Economy 1945 2010 written by Hartmut Berghoff and published by Cambridge University Press. This book was released on 2013-10-07 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors to this volume consider the economic history of East Germany within its broader political, cultural and social contexts.
Download or read book The Economic Consequences of the Peace written by John Maynard Keynes and published by Simon Publications LLC. This book was released on 1920 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes, then a rising young economist, participated in the Paris Peace Conference in 1919 as chief representative of the British Treasury and advisor to Prime Minister David Lloyd George. He resigned after desperately trying and failing to reduce the huge demands for reparations being made on Germany. The Economic Consequences of the Peace is Keynes' brilliant and prophetic analysis of the effects that the peace treaty would have both on Germany and, even more fatefully, the world.
Download or read book The German Financial System written by Jan Pieter Krahmen (editor) and published by . This book was released on 2004 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a team of scholars, predominantly from the Centre for Financial Studies in Frankfurt, this volume provides a descriptive survey of the present state of the German financial system and a new analytical framework to explain its workings.
Download or read book Economic Aspects of German Unification written by Paul J.J. Welfens and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: Paul J. J. Welfens The editor is pleased to present a second edition of Economic Aspects of German Unification which includes new chapters and several postscripts. Almost five years after unification output in the ex-GDR is back to its 1989 level. Due to a massive intra-German resource transfer consumption per capita in eastern Germany has not fallen as much as output and employment which reduced by one-fifth within three years. Given high West German transfers which represented about 5% of West German GDP and more than 50% of East German GDP the fall of industrial output could have been much stronger than had politically been feasible. Hence structural change necessary for productivity growth was dramatic in the ex-GDR where the goods producing sector (manufacturing, mining, energy and construction) strongly changed its proportions; within four years construction almost doubled, and the share of investment goods production reduced by 10 percentage points between 1990 and 1994 and is· now down to 21. 1 %. Mining lost two-thirds of its share in the producing sector which itself was reduced relative to GDP. The share of the services industry increased by 5 percentage points between 1991 and 1994, but with a share of 27. 7% in East Germany's GDP it was still about 9 percentage points lower than in western Germany. By contrast, government accounted for 20. 9% of GDP in eastern Germany, but for only 13. 2% in western Germany.
Download or read book Challenges to the World Economy written by Rüdiger Pethig and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, in a sense, aims at reflecting the qualities of the honoree and it does so in two respects. On the one hand, it covers a great variety of subdisciplines of economics. On the other hand, the book ranges from theoretical and mathematical economics to hands-on applied analyses of economic-policy issues. All essays are driven by the aspiration to better understand the economy and to draw relevant conclusions for economic policy. The book is divided into five parts dealing with the German economy, European economic issues, global markets, international trade theory and policy, and natural resources and the environment.
Download or read book Structuring the State written by Daniel Ziblatt and published by Princeton University Press. This book was released on 2006 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study explores the following puzzle: Upon national unification, why was Germany formed as a federal state and Italy a unitary state? Ziblatt's answer to this question will be of interest to scholars of international relations, comparative politics, political development, and political and economic history.
Download or read book Forging Ahead Falling Behind and Fighting Back written by Nicholas Crafts and published by Cambridge University Press. This book was released on 2018-08-09 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Highlights the interactions between institutions and policy choices, as well as the importance of historical constraints on Britain's relative economic decline.
Download or read book Economic Aspects of German Unification written by Paul J.J. Welfens and published by Springer Science & Business Media. This book was released on 2013-11-27 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: German unification is changing central Europe, the EC and international economic and political relations. Prosperous West Germany with its "social market economy" has absorbed the socialist GDR which is facing a complex systemic tranformation process. This volume analyzes the causes, developments, and processes that are associated with German unification. The merger of the two Germanies provides a unique laboratory like example of institutional and economic changes against which established economic theoreis and economic policy concepts can be tested. German unification raises, of course, many new questions for Grmany itself, Europe, and the whole international community. Will the enlarged Germany become a new economic giant in Europe and can the FRG maintain stability and prosperity? What macroeconomic and structural problems are faced by the new Germany and what are the effects for trade, investment, and growth in Germany`s partner countries? Will East Germany catch up with the West and can this process serve as a model forEastern Europe? What are the views of Poland and the USSR, and what implications arise for Western Europe and the United States? Finally, how isthe triangular relationship between the U.S., the EC, and Japan affected, and how does this affect the United States` ability to organize economic cooperation with Japan, Germany, and other leading economies?
