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implications of the first decade of the Euro and to extend this understanding forwards to Europe and beyond. …
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the end of Pax Americana and the beginning of something else, possibly a Pax Europea, led by the strength of the euro … performance of these two economic blocs. While the current exchange rate between the US dollar and the euro has been considered a … worried. The strength of the euro is becoming irritating for the Eurozone and, nevertheless, the weakness of the US dollar is …
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The 2008-09 global economic crises have shown that no country is immune to external challenges. When policy controls are missing or not used efficiently, crises can reverse progress even in advanced economies. This unexpected outcome has increased concerns about the ability of governments in...
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Fundamental sources of the Russian financial crisis in 1998 are discussed. Focus is made on the time horizon of judgements concerning sustainability of the economic policy. It is argued that the macroeconomic policy pursued by the monetary authorities was not robust in a medium run, but, in the...
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Iceland experienced a significant financial meltdown and subsequent economic downturn after the 2008/2009 financial crisis struck the country. It had been the worst crisis ever experienced by a small country from the late 20th century onwards. Since 1980s, Iceland's macroeconomic stability had...
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