The European Regional Conference and the Council of the European Communities are both pursuing a regional policy concept which, on the one hand, focuses on the promotion of economic activity in areas of scanty development and, on the other, aims at curbing rather than promoting the development...

From the very beginning of the European Monetary Union the crucial institutions, the European Commission and the European Central Bank, led by mainstream economic thinking, were not up to their task of controlling the core of the system effectively. A huge gap in competitiveness among the member...

This paper contributes to the discussion on the European current account imbalances by analysing the intra-European trends since 1990 based on the theory of optimum currency areas. The authors show that German unification was the origin of not only the 1992-93 EMS crisis but also rising...