Based on a literature review, this paper investigates the reasons why broad money demand has usually been found to be more stable in the euro area than in other large economies. The paper concludes that there are three main explanations for this fact. First, in some countries outside the euro...

Over the past decades, cross-border financial flows have increased in importance and have in many occasions exceeded the underlying current account positions. This phenomenon has been accompanied by an increase in the volume of international equity transactions that accentuate the role of...

This paper analyzes cooperation between sovereign national authorities in the supervision and regulation of a multinational bank. We take a political economy approach to regulation and assume that supervisors maximize the welfare of their own country. The communication between the supervisors is...

In February 2002, the European Industrial Relations Observatory (EIRO) completed its fifth year of recording and analysing key developments in industrial relations across the European Union and Norway. The emphasis of this study is on collective bargaining and dialogue between the social...

This report describes and analyses agreements between the social partners on employment and competitiveness in 11 Member States of the European Union. It focuses on innovative collective agreements concluded at both sectoral and company levels which are used by the parties involved (sometimes...

This report presents a comparison of national industrial relations systems in the EU25, exploring the differences between individual systems and their effects on the economy. The report is based on the more detailed findings of a research project entitled "Quality of industrial relations:...