The long-held truism that finance is always good for growth has been called into question by the global financial crisis. This article examines new evidence on the finance-growth nexus from a European perspective. More specifically, it compares the approach of many CESEE countries - i.e....

This Forum aims to systematically describe and analyse the evolution of national financial systems within the EU over the past three decades. It analyses the processes of financialisation that have dominated this period as well as the causes and consequences of the financial crisis from the...

The financial systems inherited by post-communist countries are damaging their economic development and make impossible macroeconomic policies aimed both at growth and economic stabilization. This incompatibility is illustrated by recent Polish experiences under both the last communist and the...

Demands for control of the expanding Euromarkets have been voiced for some time. On what grounds are they based? What form could this control take? These issues are discussed by Manfred Lahnstein. Further comments on these problems can be found in the following article by Wilfried Guth.