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...

Diese Studie analysiert den interregionalen Assoziierungsprozeß zwischen der Europäischen Union und dem Mercosur und Chile sowie seine Auswirkungen auf den Sektor Agrar- und Ernährungswirtschaft der EU.

This study examines the effects of the EU biofuel policy on European agriculture. The requirements in terms of feedstock and arable land of the EU biofuel targets have been evaluated by assuming scenarios of different price levels for agricultural commodities and the possibility of the EU...

This information note is part of the European Commission's Agenda for Change, in which sustainable agriculture is a priority. It begins with an executive summary (Chapter 2), followed by a discussion of the importance of smallholder access to agricultural markets in Chapter 3. Chapters 4 to 7...