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Title: Country and sector-specific spillover effects in the euro area, the United States and Japan
Abstract
Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and intrasectoral spillover effects. We use daily data from the period between January 1986 and October 2002. We find that, during the late 1990s, the worldwide importance of European equity markets has increased considerably. More precisely, price innovations in European equities (both aggregate returns and sector returns) have doubled or tripled their impact on other stock markets. At the same time, there is evidence that sectors have become more heterogeneous in each of the three currency areas, ie the response to aggregate shocks has increasingly varied across sectors. Spillover effects of aggregate market innovations have generally outweighed intra-sectoral spillover effects. Overall, the process towards higher integration has been primarily a phenomenon of equity markets in the euro area and the United States. [Bernd Kaltenhaeuser]
Author: Kaltenhaeuser, Bernd
Series Title: Working paper series / European Central Bank ; 286
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Stock MarketEU countriesEuroFinancial marketJapanMarket integrationSpillover effectUnited States
Subject: Currency. Monetary policyInternational investments. Capital movements
Countries Scheme: USAJapan
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: Forecasting real GDP
Title (other): what role for narrow money?
Abstract
This paper analyses the information content of M1 for euro area real GDP since the beginning of the 1980s and reviews theoretical arguments on why real narrow money should help predict real GDP. We find that, unlike in the U.S., in the euro area, M1 has better and more robust forecasting properties for real GDP than yield spreads. This property persists when one controls for a number of other influences. We also evaluate the out-of-sample forecasting performance of different classes of VAR models comprising real M1, GDP and other indicators, using as benchmark a simple univariate model. As a result, only VARs in first differences are able to outperform the benchmark. [Claus Brand ; Hans-Eggert Reimers ; Franz Seitz]
Author: Brand, Claus | Reimers, Hans-Eggert | Seitz, Franz
Series Title: Working paper series / European Central Bank ; 254
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: EU countriesMoney stockBusiness CycleForecasting techniqueUnited StatesVAR modelNational Accounts
Subject: Economic and growth policies
Countries Scheme: USA
Online Ressource: vorübergehend nicht erreichbar!
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Title: US, Japan and the euro area
Title (other): comparing business-cycle features
Abstract
There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business-cycle features and examine the case for a common business cycle, asymmetries in the national cycles and, using a number of algorithms, date business-cycle turning points. Despite a high degree of trade and financial linkages, the cyclical features of US, Japan and the euro area appear quite distinct. Documenting and comparing such international business-cycle features can aid forecasting, model selection and policy analysis etc. [Peter McAdam]
Author: McAdam, Peter
Series Title: Working paper series / European Central Bank ; 283
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: EU countriesJapanBusiness CycleBusiness cycle transmissionUnited StatesComparison
Countries Scheme: USAJapan
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Title: Measuring the time-inconsistency of US monetary policy
Abstract
This paper offers an alternative explanation for the behavior of postwar US inflation by measuring a novel source of monetary policy time-inconsistency due to Cukierman (2002). In the presence of asymmetric preferences, the monetary authorities end up generating a systematic inflation bias through the private sector expectations of a larger policy response in recessions than in booms. Reduced-form estimates of US monetary policy rules indicate that while the inflation target declines from the pre- to the post-Volcker regime, the average inflation bias, which is about one percent before 1979, tends to disappear over the last two decades. This result can be rationalized in terms of the preference on output stabilization, which is found to be large and asymmetric in the former but not in the latter period. [Paolo Surico]
Author: Surico, Paolo
Series Title: Working paper series / European Central Bank ; 291
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Monetary PolicyInflation targetingAnti-inflation policyTheory of preferencesUnited StatesTime consistency
Subject: Economic development. Economic growthCurrency. Monetary policy
Countries Scheme: USA
Online Ressource: vorübergehend nicht erreichbar!
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Title: Identifying the monetary transmission mechanism using structural breaks
Abstract
We propose a method for estimating a subset of the parameters of a structural rational expectations model by exploiting changes in policy. We define a class of models, midway between a vector autoregression and a structural model, that we call the recoverable structure. As an application of our method we estimate the parameters of a model of the USA monetary transmission mechanism. We estimate a vector autoregression and find that its parameters are unstable. However, using our proposed identification method we are able to attribute instability in the parameters of the VAR solely to changes in the parameters of the policy rule. We recover parameter estimate of the recoverable structure and we demonstrate the these parameters are invariant to changes in policy. Since the recoverable structure includes future expectations as explanatory variables our parameter estimates are not subject to the Lucas [24] critique of econometric policy evaluation. [Andreas Beyer ; Roger E. A. Farmer]
Author: Beyer, Andreas | Farmer, Roger E. A.
Series Title: Working paper series / European Central Bank ; 275
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Rational expectationsMonetary transmissionUnited StatesVAR model
Subject: Investment returns. Financial market. Interest rates
Countries Scheme: USA
Online Ressource: vorübergehend nicht erreichbar!
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Title: On the indeterminacy of determinacy and indeterminacy
Abstract
A number of authors have attemted to test whether the U.S. economy is in a determinate or an indeterminate equilibrium. We argue that to answer this question, one must be impose a priori restrictions on lag length that cannot be tested. We provide examples of two economic models. Model 1 displays an indeterminate equilibrium, driven by sunspots. Model 2 displays a determinate equilibrium driven by fundamentals. Given assumptions about the shock distribution of model 2, it is possible to find a distribution of sunspot shocks that drive model 1 such that the two model are observationally equivalent. [Andreas Beyer ; Roger E. A. Farmer]
Author: Beyer, Andreas | Farmer, Roger E. A.
Series Title: Working paper series / European Central Bank ; 277
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Business CycleRational expectationsTheoryUnited States
Subject: Economic development. Economic growth
Countries Scheme: USA
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: The output composition puzzle
Title (other): a difference in the monetary transmission mechanism in the euro area and U.S
Abstract
We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but differ noticeably as to the composition of output changes. In the euro area investment is the predominant driver of output changes, while in the U.S. consumption shifts are significantly more important. We dub this difference the output composition puzzle and explore its implications and several potential explanations for it. While the evidence seems to point at differences in consumption responses, rather than investment, as the proximate cause for this fact, the source of the consumption difference remains a puzzle. [Ignazio Angeloni, Anil K. Kashyap, Benoît Mojon and Daniele Terlizzese]
Author: Angeloni, Ignazio | Kashyap, Anil K. | Mojon, Benoît | Terlizzese, Daniele
Series Title: Working paper series / European Central Bank ; 268
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: EU countriesMonetary PolicyAggregate ProductionAggregate consumptionMonetary transmissionUnited States
Countries Scheme: USA
Online Ressource: vorübergehend nicht erreichbar!
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Title: Macroeconomic modelling of monetary policy
Abstract
This paper proposes a new paradigm for the analysis of monetary policy. From an econometric point of view this new approach is just as easy to implement as reduced form analysis, but is robust to the Lucas critique. It requires no explicit prior theory and yet it encompasses all standard DSGE models. After introducing this new paradigm I study US monetary policy and look at the nature and the effect of monetary policy, discuss the transmission mechanism and the policy rule implied by the data, and perform counterfactual policy analysis. [Matt Klaeffling]
Author: Klaeffling, Matt
Series Title: Working paper series / European Central Bank ; 257
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Monetary PolicyRational expectationsMonetary transmissionUnited StatesVAR modelTime series analysisEconometric Model
Subject: Currency. Monetary policy
Countries Scheme: USA
Online Ressource: vorübergehend nicht erreichbar!
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Title: Describing the Fed's conduct with Taylor rules
Title (other): is interest rate smoothing important?
Abstract
In this paper we estimate simple Taylor rules paying particular attention to interest rate smoothing. Following English, Nelson, and Sack (2002), we employ a model in first differences to gain some insights into the presence and signifcance of the degree of partial adjustment as opposed to a serially correlated policy shock. Moreover, we estimate a nested model to take into account both interest rate smoothing and serially correlated deviations from various Taylor rates prescriptions. Our findings suggest that the lagged interest rate enters the Taylor rule in its own right, and may very well coexist with (usually omitted) variables that relate to asymmetric preferences on the output gap, or financial market indicators. Therefore, while we cannot exclude that serially correlated policy shocks may play a role in describing the federal funds rate path, our results significantly support the importance of the lagged interest rate in Taylor-type models. [Efrem Castelnuovo]
Author: Castelnuovo, Efrem
Series Title: Working paper series / European Central Bank ; 232
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Monetary PolicyTaylor ruleUnited StatesCentral BankInterest Rate
Subject: Currency. Monetary policy
Countries Scheme: USA
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero
Abstract
This paper employs stochastic simulations of a small structural rational expectations model to investigate the consequences of the zero bound on nominal interest rates. We ?nd that if the economy is subject to stochastic shocks similar in magnitude to those experienced in the U.S. over the 1980s and 1990s, the consequences of the zero bound are negligible for target in?ation rates as low as 2 percent. However, the effects of the constraint are non-linear with respect to the in?ation target and produce a quantitatively signi?cant deterioration of the performance of the economy with targets between 0 and 1 percent. The variability of output increases signi?cantly and that of in?ation also rises somewhat. Also, we show that the asymmetry of the policy ineffectiveness induced by the zero bound generates a non-vertical long-run Phillips curve. Output falls increasingly short of potential with lower in?ation targets. [Günter Coenen, Athanasios Orphanides and Volker Wieland]
Author: Coenen, Günter | Orphanides, Athanasios | Wieland, Volker
Series Title: Working paper series / European Central Bank ; 231
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Monetary PolicyInflation targetingLiquidity preferencePrice stabilityEstimationUnited StatesInterest Rate
Subject: Economic development. Economic growth
Countries Scheme: USA
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: Attribution of powers and dispute resolution in selected federal systems
Abstract
The study is a resource text for Members of the EP Delegation to the European Convention and other participants and observers of the Convention and its Working Groups. It provides a succinct comparative description and evaluation of the attribution of powers and the resolution of disputes in four selected federal systems (USA, Germany, Switzerland and Belgium), with some short comments on the European Union's own system of multi-level governance.[European Parliament]
Author: Lehmann, Wilhelm
Series Title:European Parliament - Working Papers ; AFCO 103
Publisher: Europäische Union / Europäisches Parlament
Year: 2002
ISBN / ISSN / Kat.Nr: 92-823-1698-X | PE 322.199
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: federalismpolitical system
Subject: Law. Public Administration. Politics
Countries Scheme: GERMANYSwitzerlandBelgiumUSA
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäisches Parlament (http://www.europarl.europa.eu/)
Title: The WTO negotiations in the field of agriculture and food : Strategic positions of the US and China
Title (other): Les négociations de l'OMC dans le domaine de l'agriculture et de l'alimentation : Les positions stratégiques des USA
et de la Chine
Abstract
This study examines what could be the strategic positions of two important participants in the WTO negotiations: the United States, a major player in the agricultural sector, and China, a new participant that will certainly make its presence felt in the future. [European Parliament]
Author: Ingersent, K. | Matthews, Alan
Series Title:European Parliament - Working Papers ; AGRI 135
Publisher: Europäische Union / Europäisches Parlament
Year: 2001
ISBN / ISSN / Kat.Nr: PE 306.383
Language: en | fr
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Agricultureworld tradeWTO
Subject: International relationsInternational and regional organizationsAgricultural markets. Agricultural pricesInternational trade
Countries Scheme: USAChina
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäisches Parlament (http://www.europarl.europa.eu/)
Title: Advancement of the knowledge society : Comparing Europe, the US and Japan
Abstract
This report provides results on the advancement indicators of the knowledge-based society for EU countries, enhanced where possible by data from the EU acceding and candidate countries, the US and Japan. It is based on available statistical information and can be used as a starting point in the foresight process. The purpose of the project, now in its second phase (2002?2003), is to increase understanding of the drivers of the knowledge society and to anticipate the potential impact on living conditions, working conditions and industrial relations. [European Foundation for the Improvement of Living and Working Conditions]
Author: Ellermann, L. | Meyer, I. | Roncoszek, D. | Korte, W.B.
Publisher: European Foundation for the Improvement of Living and Working Conditions
Year: 2004
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: working conditionsinformation societyliving conditionsknowledge society
Subject: Social structure. Social conditions. Social changeWorking condititions. Work organizationInformation
Countries Scheme: Europe. General ResourcesUSAJapan
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Stiftung zur Verbesserung der Lebens- und Arbeitsbedingungen (http://www.eurofound.ie/)
Title: The high-yield segment of the corporate bond market
Title (other): a diffusion modelling approach for the United States, the United Kingdom and the euro area
Abstract
This study empirically examines the development of the high-yield segment of the corporate bond market in the United States, as a pioneer country, and the United Kingdom and the euro area, as later adopting countries. Estimated diffusion models show for the United States a significant pioneer influence factor and autonomous speed of diffusion. The latter is found to be higher in Europe than in the United States as also macroeconomic factors are considered. The high-yield bond diffusion pattern is significantly affected by financing need variables, e.g. leverage buy-outs, mergers and acquisitions, and industrial production growth, and return or financing cost variables, e.g. stock market return and the spread between the yield on speculative-grade and BBB-rated investment-grade bonds. These findings suggest that the diffusion of new financial products depends on the macroeconomic environment and can be quickly in case of the diffusion from a pioneer country to later adopting countries. [Gabe de Bondt and David Marqués]
Author: Bondt, Gabe de | Marqués, David
Series Title: Working paper series / European Central Bank ; 313
Publisher: European Central Bank
Year: 2004
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: EU countriesFinancial innovationUnited KingdomCorporate bondDiffusion of innovationsReturn to capitalUnited States
Subject: Investment returns. Financial market. Interest rates
Countries Scheme: United KingdomUSA
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: The Great Depression and the Friedman-Schwartz hypothesis
Abstract
We evaluate the Friedman-Schwartz hypothesis that a more accommodative monetary policy could have greatly reduced the severity of the Great Depression. To do this, we first estimate a dynamic, general equilibrium model using data from the 1920s and 1930s. Although the model includes eight shocks, the story it tells about the Great Depression turns out to be a simple and familiar one. The contraction phase was primarily a consequence of a shock that induced a shift away from privately intermediated liabilities, such as demand deposits and liabilities that resemble equity, and towards currency. The slowness of the recovery from the Depression was due to a shock that increased the market power of workers. We identify a monetary base rule which responds only to the money demand shocks in the model. We solve the model with this counterfactual monetary policy rule. We then simulate the dynamic response of this model to all the estimated shocks. Based on the model analysis, we conclude that if the counterfactual policy rule had been in place in the 1930s, the Great Depression would have been relatively mild. [Lawrence Christiano, Roberto Motto and Massimo Rostagno]
Author: Christiano, Lawrence | Motto, Roberto | Rostagno, Massimo
Series Title: Working paper series / European Central Bank ; 326
Publisher: European Central Bank
Year: 2004
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Monetary PolicyBusiness CycleTheoryEconomic HistoryEconomic crisis
Subject: Business cyclesCurrency. Monetary policy
Countries Scheme: USA
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: On the determinants of euro area FDI to the United States
Title (other): the knowledge- capital-Tobin's Q framework
Abstract
The long-run determinants of euro area FDI to the United States during the period 1980-2001 are explained by employing the Tobin's Q-model of investment. By using the fixed effects panel estimator, stock market developments in the euro area countries - including a measure adjusted for economic developments common to both the United States and the euro area - are found to influence euro area FDI to the United States. Moreover, the inclusion of the Tobin's Q enhances the traditional knowledge-capital framework specification. Overall, the empirical findings suggest that euro area patents (ownership advantage), various variables related to productivity in the United States (location advantage), the volume of bilateral telephone traffic to the United States relative to euro area GDP (ownership advantage), euro area stock market developments (Tobin's Q), and the real exchange rate are statistically significant determinants of euro area FDI to the United States. [Roberto A. De Santis, Robert Anderton and Alexander Hijzen]
Author: Santis, Roberto A. De | Anderton, Robert | Hijzen, Alexander
Series Title: Working paper series / European Central Bank ; 329
Publisher: European Central Bank
Year: 2004
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Foreign direct investmentEuropeanEuropean Economic and Monetary UnionTransnational corporationTobin's QUnited States
Subject: Currency. Monetary policyInternational investments. Capital movements
Countries Scheme: USA
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: New stimulus or integration backlash?
Title (other): EU Enlargement and Transatlantic Relations
Abstract
The paper addresses the uncertain future of transatlantic relations in light of the EU enlargement on 1 May 2004. Although it is clear that the US supports an ever wider EU, and the stability and security it implies for Europe and the countries on its periphery, it is not so clear that the US supports a deeper, stronger EU that could challenge US pre-eminence. One of the key issues debated is whether the newly-admitted (and typically pro-Atlanticist) Central and Eastern European countries will help bring the EU and the US closer together or create a rift within the EU as "old Europe" and "new Europe" quarrel over foreign and security policies. In these very early stages of the EU-25 it is very difficult to make any firm predictions regarding the impact of the enlarged EU on transatlantic relations. [Urheber s. Copyright]
Author: Maurer, Andreas | Lang, Kai-Olaf | Withlock, Eugene
Publisher: Stiftung Wissenschaft und Politik
Year: 2004
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU expansionsecurity policytransatlantic relations
Subject: European Community external relations
Countries Scheme: USA
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Stiftung Wissenschaft und Politik (http://www.swp-berlin.org/)
Title: Globalization and social governance in Europe and the United States
Author (Corp. Body): European Commission / Forward Studies Unit
Year: 1999
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: European Economic and Monetary UnionGlobalizationUnited States
Countries Scheme: Europe. General ResourcesUSA
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
Title: The WTO negotiations in the field of agriculture and food : Strategic positions of the US and China
Title (other): Les négociations de l'OMC dans le domaine de l'agriculture et de l'alimentation les positions stratègiques des USA et
de la Chine
Abstract
Chinese accession to the WTO will give it the right to participate in the current agriculturalnegotiations. An obvious question is whether China’s accession is likely to make agreementin the agricultural negotiations easier or more difficult. China’s WTO membership will affectthe alliances and coalitions that are formed between the principal participants. There isclearly a need to analyse the effects of Chinese WTO membership on the EU/US dialogue inparticular. This report begins with an analysis of developments in US farm policy since theconclusion of the Uruguay Round Agreement on Agriculture in 1995. It examines recentagricultural policy changes in the US and the likely outcome for the next Farm Bill,preparations for which have already started in the US Congress (Chapter 1). China is not yeta participant in these negotiations, so the views attributed to it in the report are speculativebut informed by an analysis of China’s agricultural policy objectives and trade regime whichis presented in Chapter 2. This chapter also describes what is known about the details ofChina’s WTO accession offer on agriculture, and it evaluates the growing literature on whatChina’s WTO membership might mean for China’s agricultural trade. Finally, Chapter 3examines the main issues at stake in the current round of agricultural trade negotiations. Theprincipal objective of this chapter is to identify those areas where China’s interests are likelyto coincide with the EU’s, and where those interests are likely to differ. [Executive Summary]
Author: Matthews, Alan | Ingersent, K.
Series Title:European Parliament - Working Papers ; AGRI 135
Publisher: Europäisches Parlament / Generaldirektion Wissenschaft
Year: 2001
ISBN / ISSN / Kat.Nr: PE 306.383
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Trade agreementFood marketagricultureworld trade
Subject: Agricultural policy. Agricultural developmentCommercial agreements. Trade negotiations
Countries Scheme: USAChina
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäisches Parlament (http://www.europarl.europa.eu/)
Title: Bankruptcy and a fresh start
Title (other): Stigma on failure and legal consequences of bankruptcy - United States report
Author (Corp. Body): White & Case
Publisher: Europäische Kommission / Generaldirektion Unternehmen
Year: 2002
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: Bankruptcybusiness management
Subject: Business managementCost accounting. Profit and loss
Countries Scheme: USA
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://europa.eu.int/)
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