This fascinating book, a dialogue by leading economists, offers an extensive review of the impact of the introduction of the euro on the international monetary system. The authors dissect the impact of the euro on living standards in developed and developing countries, the growth of the euro...

The contributions to this volume offer an insight into the way that economists analyse the causes of money (mis)management in the US, Latin America, Europe and Japan, and prescribe stabilizing reforms. The mechanisms that link monetary policy - including foreign exchange regimes and the...

This paper provides a first study on use of professional peer reviews by the EU to strengthen the European fight against terrorism. The first part outlines two theoretical approaches to assessing the outcome effectiveness of such peer reviews, namely compliance and learning. Peer reviews can...

We address the pitfalls of averaging by exploiting the longitudinal variation in aid to identify sudden and sharp increases in aid flows. Focusing on specific events, we test if aid accelerations correspond to policies and shocks in the recipient country. For a large sample of 145 recipient...

European Union policy to counter terrorist financing is marked by uncertainty about causes and consequences. The paper addresses the role of evaluations of the effectiveness and efficiency of counter terrorist financing policies performed by international standard setting organizations in such a...