The management of payment and settlement systems is one of the traditional functions of central banks that seeks to ensure financial stability. Similar to the case of other important function, that of lender of last resort, it is wise to ask ourselves whether the central bank is the best...

Territorial cohesion is a complex concept that cannot be explained by a single definition. During the previous decades, territorial issues represented, undoubtedly, subjects of interest for various policy documents, actions and funding of the European Union, but the asymmetric impact of recent...

In a world of globalization generating geographical concentration, relocation of activities, thus inducing territorial disparities, territorial cohesion has become a prerequisite for achieving sustainable economic growth and implementing social and economic cohesion. The ratification of Lisbon...