International Implications of German Unification

28 Pages Posted: 15 Sep 2000 Last revised: 17 Dec 2022

See all articles by Hans-Werner Sinn

Hans-Werner Sinn

CESifo (Center for Economic Studies and Ifo Institute); National Bureau of Economic Research (NBER); Ludwig Maximilian University of Munich (LMU)

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Date Written: November 1996

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.

Suggested Citation

Sinn, Hans-Werner, International Implications of German Unification (November 1996). NBER Working Paper No. w5839, Available at SSRN: https://ssrn.com/abstract=225625

Hans-Werner Sinn (Contact Author)

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Ludwig Maximilian University of Munich (LMU)

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