Globalisation is a present time phenomenon, which acts as a catalyst of the existing interdependence between the actors of international society Globalisation “transnationalizes” problems of economic, financial and environmental nature as well as those which are related to security...

...l’insertion dans la mondialisation pourrait être mieux maîtrisée et, transitoirement, la politique commerciale extérieure commune, en mettant dans une certaine mesure le marché communautaire à l’abri de chocs commerciaux trop forts en provenance de pays tiers, pourrait favoriser la...

This assessment of global megatrends focuses on the impact of global pressures on Europe. A global-to-European perspective is relevant for European environmental policy making because Europe’s environmental challenges and management options are being reshaped by global drivers such as...

Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and...

There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business-cycle features and examine the case for a common...