German unification and the international economy / edited by Bernhard Heitger and Leonard Waverman.

"Centre for International Studies, University of Toronto."

Includes bibliographical references and index.

Print version record.

Book Cover; Half-Title; Title; Copyright; Contents; Figures and tables; Preface; Part I Developments in Eastern Europe; 1 The economics of German unification; EAST GERMANY'S PEACEFUL REVOLUTION; THE EAST GERMAN ECONOMY; Economic structure; ECONOMIC REFORM PLANS FOR EAST GERMANY; East German reform plans; West German concepts for economic reform in East Germany; Alternative exchange-rate solutions; CHANCELLOR KOHL'S PROPOSAL OF A MONETARY UNION WITH EAST GERMANY; THE STATE TREATY; ECONOMIC EFFECTS OF GERMAN UNIFICATION; Effects on the conversion rates chosen.

Effect on private investment in East GermanyThe fiscal cost of unification; International repercussions; NOTES; REFERENCES; 2 Recent developments of world savings and investment; LONG-TERM OVERALL DEVELOPMENTS; RECENT TRENDS IN SPECIFIC AREAS; OECD, United States, Japan; European Community, West and united Germany; Eastern Europe and the Soviet Union; Developing countries; SUMMARY AND OUTLOOK; NOTE; REFERENCES; 3 Causes and consequences of the expected shift in the savings-investment balance in Europe: the case of German unification; INTRODUCTION.

SAVINGS AND INVESTMENT IN THE RECENT PAST: SOME FACTSSAVINGS AND INVESTMENT IN EUROPE: EXPECTED FUTURE DEVELOPMENTS; The German unification; Eastern Europe; Completion of the EC internal market by 1992; Summary; INVESTMENT SHIFTS AND INTERNATIONAL INTERDEPENDENCE: THEORY; The traditional two-country model; Mundell; Mussa; Frenkel and Razin; Genberg and Swoboda; Conclusions; Exchange-rate union models; AN EXCHANGE-RATE UNION MODEL WITH SUPPLY-SIDE EFFECTS; The framework; The assumptions; The equations; Parameter change: a rising labour supply; Short-run solutions; Long-run solutions.

ExtensionsGERMAN UNIFICATION AND INTERNATIONAL INTERDEPENDENCE: EMPIRICAL RESULTS; Alexander and Gagnon; OECD; OUTLOOK; NOTES; REFERENCES; 4 Comparative economic growth: East and West; ECONOMIC GROWTH SINCE 1950; CAUSES OF THE GROWTH SLOWDOWN IN THE EAST; ECONOMIC GROWTH UNDER TWO SYSTEMS: AN EMPIRICAL TEST; GROWTH PERSPECTIVES IN THE CASE OF SYSTEMATIC CHANGE; CONCLUSIONS; NOTES; REFERENCES; 5 Structural change in Eastern Europe; THE STARTING SITUATION; HYPOTHESES, METHODS AND DATA; EMPIRICAL RESULTS; STRUCTURAL CHANGE IN EASTERN EUROPE; SUMMARY AND CONCLUSIONS; NOTES; REFERENCES.

6 Eastern Europe and the EC-trade relations and trade policy with regard to industrial productsINTRODUCTION; CHARACTERISTICS OF TRADE BETWEEN THE EC AND EASTERN EUROPE; REMOVING THE DISCRIMINATORY TREATMENT OF IMPORTS FROM EASTERN EUROPE; THE IMPACT OF TRADE BARRIERS ON EAST EUROPEAN SUPPLIES; COMPETITION FROM EAST EUROPEAN COUNTRIES; CONCLUSIONS; NOTES; REFERENCES; Part II Spillovers; 7 Global investment and saving flows: some marcroeconomic scenarios*; INTRODUCTION; THE GLOBAL MACROECONOMICS OF FINANCIAL TRANSFERS; Some basic theory; The dynamics of transfers to the East; EMPIRICAL RESULTS.

First published in 1993. Routledge is an imprint of Taylor & Francis, an informa company.

English.

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