TY  - JOUR
AU  - Sinn,Hans-Werner
TI  - International Implications of German Unification
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 5839
PY  - 1996
Y2  - November 1996
UR  - http://www.nber.org/papers/w5839
L1  - http://www.nber.org/papers/w5839.pdf
N1  - Author contact info:
Hans-Werner Sinn
Ifo Institute -
Leibniz Institute for Economic Research
at University of Munich
Poschingerstr. 5
81679 Munich
GERMANY
Tel: 49-89-21802748
Fax: 49-89-397303;49-89-8506434 (home)
E-Mail: sinn@ifo.de
AB  - 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.
ER  -