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This paper reviews the experiences of a number of European countries in coping with capital inflows. It describes the nature of the inflows, their implications for macroeconomic and financial stability, and the policy responses used to cope with them. The experiences suggest that as countries...
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The long-held truism that finance is always good for growth has been called into question by the global financial crisis. This article examines new evidence on the finance-growth nexus from a European perspective. More specifically, it compares the approach of many CESEE countries - i.e....
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This paper compares electricity market reforms in the European Union with reforms in Chile and Brazil. The paradigm of … present the institutional framework as well as the development of electricity markets in the European Union, Chile and Brazil … electricity companies and transnational competition, Chile and Brazil have only partially liberalized their electricity sector …
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