With the abolition of exchange rates the role of wage formation in the European Monetary Union changes fundamentally and national economic policy in particular fiscal policy faces new restrictions. These are analysed in the first two chapters. A major impact is expected for wage formation. To...

This volume offers fresh insights into economic development and growth in emerging economies. It includes contributions covering topics such as natural disasters and income inequalities, the environmental impact of economic growth, social preferences, information and market disorder under...