Argues that the effects of financial liberalization on employment and incomes often carry disturb economic and social development and that financial liberalization warrants at least as much attention as trade liberalization. Compares and weighs the potential benefits in terms of growth against...

The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary system, which has been malfunctioning in many aspects. Large and volatile capital flows have promoted greater volatility in financial markets, leading to recurrent financial...

This paper discusses possible strategies for developing countries in negotiations on trade in services in the ongoing WTO Doha Development Round (DR). The liberalization of service imports (including through direct investment) will generate benefits through higher quality, lower prices, and...

Während Manager von Industrie-, Bau- und Handelsunternehmen der Europäischen Währungsunion mit - eher zunehmender - Skepsis entgegensehen, lassen die Stimmen aus dem landwirtschaftlichen Berufsstand und der landwirtschaftlichen Fachpresse erkennen, daß die EWWU uni sono herbeigesehnt wird....

The frequency and severity of financial and currency crises in emerging market economies since the mid-1990s have increasingly eroded confidence in the well-functioning of international capital markets. Cross-border currency transactions recorded a spectacular growth, reaching US$ 1500 billion...