Societies provide institutions that are costly to use, but able to enforce long-run relationships. We study the optimal decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions. Third-party enforcement is modelled as a costly...

Ce document vise à présenter, sous forme de tableaux synthétiques et schématiques, une vue d'ensemble des principales caractéristiques institutionnelles et fonctionnelles des Médiateurs nationaux (ou organes similaires) dans les États membres de l'Union européenne - ainsi que du...

This paper re-examines two data issues concerning euro area money demand: aggregation of national data and measurement of the own rate.The main purpose is to study if euro area money demand is subject to parameter non-constancies using formal tests rather than informal diagnostics. As a...