From an idealtypical perspective, an enterprise is social if it offers, with a binding commitment to governance, merit goods and services of the commons, using in a non-privatistic manner the most part of profits that may be obtained. This definition is discussed in relation to the...

This Paper characterizes the integration patterns of international currency unions (such as the CFA Franc zone and the East Caribbean Currency Area). We empirically explore different features of currency unions, and compare them both to countries with sovereign monies, and to regions within...

Gravity-based cross-sectional evidence indicates that currency unions stimulate trade; cross-sectional evidence indicates that trade stimulates output. This paper estimates the effect that currency union has, via trade, on output per capita. We use economic and geographic data for over 200...