It is not only the economic gap between “North” and “South” which has dramatically widened: the same is true of the ecological gap. However, because the Earth is one ecological unit, the progressively worsening environmental crisis in the developing countries is of significance for the...

Although structural change in many industrialized countries has increased since the early 1970s, the environmental policy aspects of this change have hardly been investigated. Using a set of four indicators, this study examines the correlation between structural changes and environmental...

Current developments in Greece make clear that the rules of the European Stability and Growth Pact (SGP) were neither strict enough nor enforced strictly enough. To deal with the ongoing exit from the fiscal crisis and its related phenomena, we propose a new framework for fiscal policy...

In the debate about the world monetary order there is agreement that greater stability in international currency relationships would be desirable. Could a system of fixed exchange rates between the currencies of the major industrial countries put an end to the present instability? What would be...

The growing use of the European Currency Unit (ECU) in private transactions is often expected to produce a decisive impetus towards monetary integration within Europe. On the other hand, critics warn of the monetary risks of increased private use of the ECU. What are the opportunities and risks...