The main causes of the current Euro crisis are: 1) its premature birth, before the earlier stages of political and fiscal integration, and integration of defense and foreign policy; 2) the diminished nature of the European Central Bank, which is not only independent, like the Fed, the Bank of...

Joining the 'Eurozone' - Economic and Monetary Union - is perceived as a very important step in the process of European integration. For the new members of the enlarged Union: Cyprus, Czech Republic, Estonia, Hungary, Malta, Latvia, Lithuania, Poland, Slovakia, Slovenia, participation in EMU is...

The fiscal regime of new EU member states is dictated by the Stability and Growth Pact by virtue of EU membership and, for EMU candidates such as all new EU members are supposed to become soon, by the Maastricht Treaty. Such dual fiscal regime is somewhat perverse: Maastricht conditions in the...

Conjectures about the post-crisis future of the global economy are path-dependent, i.e. they necessarily depend on the course of events envisaged for getting out of the crisis. By and large, the economic system emerging from the crisis is bound to be substantially very similar to the pre-crisis...

Globalization is a vague concept, used for some time, whose various stages can be traced to the XV century. From the economic perspective it is the historical process of gradual liberalization followed by progressive integration of fragmented capital and commodity markets, the markets of...

When it seems that everything or nearly everything has been said about the prerequisites and prospects of economic growth - in the Polish context, too (Kolodko 2002b and 2002c; Noga 2004) - it is worthwhile to revisit certain aspects of this phenomenon, which is of vital importance for the...