Sound public finances are necessary for the functioning and economic prosperity of a common currency union. The financial, economic and European sovereign debt crises revealed that financial stability and economic growth also serve as prerequisites and that all three interact in this respect....

The year 2010 showed how prone to crisis the Euro zone is. To a great extent this results from insufficient public policy coordination of EU member states’ public and fiscal policies. This paper discusses the main reform proposals related to fiscal, public and structural policy against the...

This paper contributes to the growing body of literature on private investors' investment mistakes in household finance. This paper takes off from the point that investors abstain from chasing alphas in selecting mutual funds, although Gruber (1996) has proven this to be a profitable strategy....