Regulating Multilateral Interchange Fees
A review of empirical studies on the effects of MIFs capping in the US, Spain and Australia reveals that such an administrative ceiling on fees generates a transfer of costs from merchants to cardholders.
economy
Social Progress – Doing It the German Way
With Germany at long last imposing a nation-wide wage floor, the country’s slowly conforming to the rest of Europe. Come the crisis and the erstwhile ‘Sick Man of Europe’ became the continent’s economic valedictorian. Extremely low (for European standards) unemployment rate cemented the make-believe caprice that it would work.
Hungarians Revolt Against Internet Tax
On the day after the internet tax protests it is hard to tell whether they mean real burning point for Fidesz government or Hungarian politics in general.
Is the Flat Tax the Biggest Problem of Bulgaria’s Economy?
Recent pre-election debates in Bulgarian media have left many people with the impression that the flat income tax is probably the most important “problem” to be solved by the new government.
Successful Completion of Military Operations Is the Dominant Expectation of Ukrainian Business
Ukraine is now in a completely new environment – military operations in the east and military invasion and aggression of the Russian Federation have left a significant mark on the processes taking place in the country, including the reform of the business environment.
Influence of Russian Trade Policy on Ukrainian Machine Building Sector
Machine building sector in Ukraine is facing a difficult situation. Recent research showed that machine building is most heavily exposed to the Russian market in terms of the percentage of output exported to Russia.
The North Korea of Polish Economy
Politicians are widely known for their “flexible spines”, but, as elections approach, that softness reaches a jelly-like state.
A Fairytale About a Monetary Union
Fairytales are an inseparable part of not only child’s world, but even many grown-ups believe in fairytales. There is an interesting category in this genre, the so-called European fairytales, in which grown-ups in Brussels believe. One of the newest is that about the real Economic and Monetary union. It goes like this.
Ukraine: Increase the Costs for Russia, Carry On Doing What We Have Been Doing
What else is the Ukraine to do in this undoubtedly unfavourable situation? Indeed, if the military costs cannot be increased for Russia (more causalities, more losses in military equipment), one should decide on a different strategy that would make Russia cover the economical costs of this politic-military mayhem.
J-C And His Team
Six years in Spain mean six years of falling real estate prices. If you invested in the average Spanish house in 2008, today you have 35% loss on your investment.
