We derive fundamental new theory for measuring monetary service flows aggregated over countries within the European Monetary Union (EMU). We develop three increasingly restrictive approaches: (1) the heterogeneous agents approach, (2) the multilateral representative agent approach, and (3) the...

The role of money in society has been a controversial topic in economic theory over many years. Particular attention has been devoted to the analysis whether there should be competition in the supply of money, or whether this is best left to a governmental agency. This paper reviews the...

This thematic evaluation on Support to Economic Governance in Enlargement and Neighbourhood Countries has been carried out from January 2016through mid-2017. The global objective of the evaluation is to provide findings and recommendations to assist DG NEAR in streamlining its approach to...