This paper analyses the patterns of Montenegrin specialization and trade since its independence in 2006. The paper answers the questions how Montenegrin trade patterns have changed since its newly acquired independence. How were these changes affected by, and in turn how did they affect the...

This paper describes and analyzes the impacts of economic institutions on the Euro. It analyzes the impact of economic institutions for countries joining the European Union. In order to depict and explain Europe's role in the world economy, this study provides a detailed analysis of the Eurozone...

This paper uses the framework of institutional economics to explain the recurring phenomena of financial crises. How do various institutions fail in predicting, responding to and reducing the burden of the crises? How do they further contribute to the domino effects that nearly led to the...