This paper highlights that the EMU transition process itself can pose challenges to individual accession countries and draws policy implications for ERM II. Differences in financial market development and international liabilities underscore the risks and benefits of ERM II, and may lead to...

This article investigates how the transition of broadband Internet connectivity to an essential utility has influenced the development of universal access objectives and policies in Canada. In order to better understand the interplay between economic reality of broadband as an essential social...

This paper studies exchange rate regime choice from a positive perspective by modeling the interplay of monetary and fiscal policy, credibility and financial market microstructure as factors influencing the decision on de facto regime. The model shows how a small open economy reliant on foreign...

The strong income distributional effects of international trade and the widening wage differential between skilled and unskilled labour in developed countries have been well documented. Consequently, researchers and some policy-makers have argued that increasing sectoral labour mobility and the...