In this volume, a group of distinguished economists, political scientists, and sociologists analyzes the political economy of European integration. The authors evaluate recent developments of European politics and institutions. They consider the current situation, and assess prospects for the...

The accumulation of international reserves by emerging markets raises the question of how to best utilize these funds. This paper explores two routes through which the pooling of reserves could enhance stability and welfare. First, the reserve pool could be used for emergency lending in response...

The accumulation of international reserves by emerging markets raises the question of how to best utilize these funds. This paper explores two routes through which the pooling of reserves could enhance stability and welfare. First, the reserve pool could be used for emergency lending in response...