Purpose - A major lesson of the EMU crisis is that serious disequilibria result from regional monetary arrangements not designed to be robust to a variety of shocks. The purpose of this paper is to assess these disequilibria within the CEMAC, UEMOA and CFA zones. Design/methodology/approach - In...

After joining the EU in 1995, uncertainties over the future legal and administrative system remained latent. But there was also rising awareness of Austria's possibilities to influence the decision making processes in Brussels. The Austrian system of social partnership, based on centralized wage...

This paper considers the form of monetary policy coordination and regional exchange rate arrangement that would best support economic and financial integration in East Asia. In view of the region's economic diversity, we propose a graduated program of informal policy cooperation from weak forms...