| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1533 |
| DP1533 The Multilateral Trade Agenda: Uruguay Round Implementation and Beyond | |
| Joseph Francois; Brad McDonald | |
| 发表日期 | 1996-12-20 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | 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. |
| 主题 | Financial Economics |
| 关键词 | Direct investment Joint ventures Privatization Transformation economies |
| URL | https://cepr.org/publications/dp1533 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530674 |
| 推荐引用方式 GB/T 7714 | Joseph Francois,Brad McDonald. DP1533 The Multilateral Trade Agenda: Uruguay Round Implementation and Beyond. 1996. |
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