Die anhaltende Eurokrise, die sich in einer deutlich schlechteren Konjunkturlage in Europa als in den USA spiegelt, hat nicht zuletzt ihre Ursache in der nach wie vor schleppenden Umsetzung der Reformen des Finanzsektors. Während die Lücken in der wirtschaftspolitischen Architektur der WWU...

The ongoing Euro crisis and the worse economic development in Europe compared to that in the United States is grounded in the delayed implementation of reforms of the banking sector. Whereas the leaks in economic governance of EMU have been fixed the banking sector is still not stabilized, even...

The principal goal of integration in Europe in the post-Second World War period has always been the safeguarding of peace through economic integration. The European Union (EU) has overseen splendid economic achievements. A sign of that great success has been the EU’s continuous enlargement....

The principal goal of integration in Europe has always been the safeguarding of peace through economic integration. The European Union (EU) has overseen splendid economic achievements. A sign of that great success has been the EU’s continuous enlargement. The eurozone is the crown jewel in the...

There is a strong presumption among economists that domestic reforms are promoted by regionalism. Yet strong empirical evidence for this proposition is lacking. This paper examines both the theoretical arguments and empirical evidence on this issue, drawing on the relevant economic, political,...

There is a strong presumption among economists that domestic reforms are promoted by regionalism. Yet strong empirical evidence for this proposition is lacking. The purpose of the paper is to examine in some detail both the theoretical arguments and empirical evidence on this issue, drawing on...

The principal goal of integration in Europe has always been the safeguarding of peace through economic integration. The European Union (EU) has overseen splendid economic achievements. A sign of that great success has been the EU's continuous enlargement. The eurozone is the crown jewel in the...

There is a strong presumption among economists that domestic reforms are promoted by regionalism. Yet strong empirical evidence for this proposition is lacking. This paper examines both the theoretical arguments and empirical evidence on this issue, drawing on the relevant economic, political,...

Die anhaltende Eurokrise, die sich in einer deutlich schlechteren Konjunkturlage in Europa als in den USA spiegelt, hat nicht zuletzt ihre Ursache in der nach wie vor schleppenden Umsetzung der Reformen des Finanzsektors. Während die Lücken in der wirtschaftspolitischen Architektur der WWU...

The development of the European Monetary Union is related to Milton Friedman's critique of the Bretton Woods System that started a vigorous debate about “fixed versus flexible exchange rates.” This paper contrasts briefly the arguments pro and con flexible exchange rates at this time. After...