1. Macro econometric activities at the SSRC Committee on Economic Stability -- 2. Project Link’s distinctive features and aims -- 3. Connecting national modelling teams -- 4. DG II macroeconomics and the integration process -- 5. Centralized versus decentralized approaches to multi-country...

In the present contribution, we concentrate on the process of financial liberalization in a specific context of European economic and monetary integration. We implement de facto and de jure measures of financial liberalization and find that formal aspects of financial openness generate a...