G2TT
来源类型Discussion paper
规范类型论文
来源IDDP5506
DP5506 Unequal Pay or Unequal Employment? A Cross-Country Analysis of Gender Gaps
Barbara Petrongolo; Claudia Olivetti
发表日期2006-02-09
出版年2006
语种英语
摘要This paper examines the historical record of the Austro-Hungarian monetary union, focusing on its bargaining dimension. As a result of the 1867 Compromise, Austria and Hungary shared a common currency, although they were fiscally sovereign and independent entities. By using repeated threats to quit, Hungary succeeded in obtaining more than proportional control and forcing the common central bank into a policy that was very favourable to it. Using insights from public economics, this paper explains the reasons for this outcome. Because Hungary would have been able to secure quite good conditions for itself had it broken apart, Austria had to provide its counterpart with incentives to stay on board. I conclude that the eventual split of Hungary after WWI was therefore not written on the wall in 1914, since the Austro-Hungarian monetary union was quite profitable to Hungarians.
主题International Macroeconomics
关键词Monetary union Free riding Secession market integration
URLhttps://cepr.org/publications/dp5506
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/534361
推荐引用方式
GB/T 7714
Barbara Petrongolo,Claudia Olivetti. DP5506 Unequal Pay or Unequal Employment? A Cross-Country Analysis of Gender Gaps. 2006.
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