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...

The AFET committee has requested two briefing notes on the decentralization process in Kosovo and the creation of the new municipalities, one from the Kosovo Albanian angle and the other from the Kosovo Serb-minority angle. The summary assesses the points of convergence and points of divergence...