The paper investigates the impact of exchange rate volatility on growth in Emerging Europe and East Asia. Exchange … panel estimations provide evidence for a negative impact of exchange rate volatility on growth both in Emerging Europe and …

Since the breakdown of the Bretton Woods System diverging current account positions in Europe have prevailed. While the … fiscal policy stances for current account imbalances in Europe since the early 1970s under alternative institutional monetary …

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …