The recent steel conflict between the USA and Europe has once again dramatically highlighted the close links between political and economic strategies in this field. The world-wide steel crisis has provoked permanent state intervention in the steel industry. The forms taken by this intervention...

The existing literature on the role of international capital fl ows for housing markets can be classifi ed into approaches which focus on the macro relationship between the current account and housing prices on the one hand and studies which specify more specific transmission channels on the...

The distinct trends towards regionalisation in the world economy that could be observed in recent years should not be interpreted merely as the formation of economic blocs or "fortresses". This would amount to adopting a biased, backward-looking approach that sees only the sombre experiences of...