The recent steel conflict between the USA and Europe has once again dramatically highlighted the close links between political and economic strategies in this field. The world-wide steel crisis has provoked permanent state intervention in the steel industry. The forms taken by this intervention...

Dynamics of Balance of Payment developments are still barely researched. Chapter 1 tries to summarize empirical evidence between institutional determinants and BoP movements and proposes a framework for the role of institutions in a debt cycle. It is found that “good” institutions do help a...