The Central and East European transition countries are pinning considerable hopes for their economic future on entry into the European Union. However, given the huge amount of catching up they still have to do in economic terms, the tough entry conditions they have to meet and the limited amount...

The Tobin tax idea, developed during the 1970s as a tax on foreign-exchange transactions, has found its way back into the academic and policy debates, since the Copenhagen World Social Summit and the G7 Summit in early 1995 at the latest. At both events, proposals were put forward to impose a...