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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP5506 |
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 |
URL | https://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. |
条目包含的文件 | 条目无相关文件。 |
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