This paper analyses the implications of European security practices vis-à-vis the Mediterranean in value terms as deduced from an analysis of 'facts on the ground' and local actors' perspectives (based on interviews conducted in Algeria, Egypt and Morocco). It is argued that European security...

"This paper analyzes current stresses in the two key areas that concerned the architects of the original Bretton Woods system: international liquidity and exchange rate management. Despite radical changes since World War II in the market context for liquidity and exchange rate concerns, they...