Sabine Herrmann Libri

Focusing on the interplay between ancient Egypt and early modern Venice, the book explores how Venetian sources reflect Egypt's cultural significance amid the city's religious and mercantile ties to the East. It delves into the acquisition and interpretation of Egyptian artifacts, highlighting key figures in the dissemination of knowledge. By utilizing primarily unpublished Italian archival materials, the author examines the visual and lexical representation of ancient Egypt, offering insights into the evolving perceptions of this ancient civilization during the early modern era.

The paper evaluates current account dynamics in countries with different exchange rate regimes within the EU. In this, the empirical analysis explicitly differentiates between countries with a flexible and a fixed exchange rate regime and members of a monetary union. In addition, we model the adjustment process of external disequilibria by referring to the flexibility of exchange rates and interest rates. The sample covers annual data for 27 EU countries from 1994 to 2011. The estimation is based on a simple autoregressive model and comes to the conclusion that current account adjustment is significantly hampered in countries that are members of a monetary union. This holds particularly in comparison with floating exchange rate regimes owing to lower exchange rate flexibility. However, the persistence of current account balances in member countries of a monetary union is also more pronounced than in fixed-rate regimes due to less flexible interest rates as a result of the single monetary policy.

This paper examines the relationship between the exchange rate regime and the pace of current account adjustment. The panel data set we refer to includes 11 catching-up countries from central, eastern and south-eastern Europe between 1994 and 2007. The exchange rate regime is measured by a continuous z-score measure of exchange rate volatility proposed by Gosh, Gulde and Wolf (2003). Based on a basic autoregression estimation, the results indicate that a more flexible exchange rate regime significantly enhances the rate of current account adjustment. -- Current account adjustment ; exchange rate regime ; Central and Eastern Europe

Um die Talfahrt des Kochbooms zu begleiten, haben wir uns die Berliner Küche vorgenommen. Im jahrzehntelangen Selbstversuch wurde die lokale Kochkultur überlebt. Dank an alle unfreiwilligen Helfer, Laien, Professionelle, Hausfrauen, Kochmänner und an all die Buden, Kneipen und Restaurants, wo wir probieren durften.

Given the large trade and current account deficits in some of the new EU member states the development of their external economic situation plays a role in assessing their aptitude to enter the European Monetary Union. The empirical analysis with aggregated data indicates that in the eight central and east European EU member states FDI and trade are complementary. This result is confirmed by an FDI enhanced gravity model which makes use of sectoral data provided by the Bundesbank’s micro database direct investment (MIDI). The net effect of FDI on the trade balance is ambiguous, but FDI in high-tech industries clearly stimulates exports more than imports. Technological spill-over and the conglomeration of human capital seem to be important factors for the export performance. Against this background the prospects for the Czech Republic, Hungary, Slovenia and the Slovak Republic look more favourable compared to the Baltic states

The current accounts of most EU member states in central and eastern Europe have been showing growing deficits in recent years. According to panel estimates the deficits can be attributed primarily to factors characteristic for the stage of development, ie the relative income level and high capital building. The positive impact of a closing income gap, however, is largely compensated by real appreciation. The net effect of government budget deficits is rather small, since they are mostly financed by private saving. Further integration of the financial sector is likely to improve the current accounts. Although the current account positions do not require fundamental policy reversals, there are clear risks of exchange rate adjustments that should be reduced before entering the euro area

Der kleine Luca läuft hinter einem Schmetterling her und wird von einem Zug überrollt. Seine Eltern sind sehr traurig, lernen aber, wie sie über die Sprache der Herzen ewig mit Luca verbunden bleiben können. Diese einfühlsame Trostgeschichte ist aus der Sicht des sterbenden Kindes geschrieben - schlicht, unpathetisch und berührend. Geschrieben in einer sanften Leichtigkeit, illustriert mit großflächigen, anschaulichen Bildern zeigt dieses warmherzige Buch, dass ein Weiterleben voller Hoffnung möglich ist, weil die Liebe niemals stirbt.