International Implications of German Unification

Hans-Werner Sinn

No 5839, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper advances the hypothesis that the EUS crisis was caused by German unification. The unification has implied a massive resource demand which parallels the US resource demand following Reagan's tax reforms in the eighties. The resource demand revised the German interest rates relative to the rest of the world which brought about devaluations of other European currencies. The paper identifies those European currencies which currently are undervalued.

JEL-codes: F01 (search for similar items in EconPapers)
Date: 1996-11
Note: IFM
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Published as The Economics of Globalization. Razin, A., and E. Sadka, eds., Cambridge: Cambridge University Press, 1999, pp. 33-58.

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Related works:
Working Paper: International Implications of German Unification (1996)
Working Paper: International Implications of German Unification (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:5839

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