American commentators have criticized European leaders for failing to deal firmly and swiftly with the eurozone's sovereign debt crisis. These commentators forget the lessons of American history. The United States experienced a similar crisis following the financial panic of 1837. Eight states...

As austerity policies are unpopular with voters and high debt levels are a drag on growth, several economists, most famously Carmen Reinhart and Kenneth Rogoff, have suggested that governments might have to consider an extra dose of financial repression as a way out of the low growth-high debt...

The Central-American Common Market (Mercado Común Centroamericano - MCC) was established in 1960 and its members are: Costa Rica, EI Salvador, Guatemala, Honduras and Nicaragua. Purpose of this article is meant to be a reflection on these countries' development of their external trade during...