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The Relevance for Europe

John Lorié

Chapter 7 in Taxes and Exchange Rates in the EU, 2006, pp 370-428 from Palgrave Macmillan

Abstract: Abstract In the introductory chapter of this book, particularly in Section 1.2, the major questions of this study were formulated. These major questions are: 1. Does international liberalisation of financial capital have a positive effect on aggregate welfare? And what is the effect on welfare distribution between the countries involved? 2. To what extent does the existence of tax differences and exchange rate changes affect the outcome of welfare creation and welfare distribution? 3. Consequently, how should attempts to harmonise taxes in the EU and the realisation of the EMU be assessed, given the liberalisation of financial capital in the EU as of July 1990?

Keywords: Gross Domestic Product; Physical Capital; Financial Asset; Bond Price; Exchange Rate Change (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62570-9_7

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DOI: 10.1057/9780230625709_7

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