The paper analyses within a two-country framework the role of monetary shocks in transmitting macroeconomic fluctuations across countries, with a special emphasis on the case of Romania. The investigation is important as Romania is preparing to give up its monetary sovereignty and become a full...

Each time the Euro starts appreciating, a discussion on how painful this might hit European exporters arises in media, making politician and economists work out the ways to mitigate possible shocks. Still, in his recent study, Verheyen (2013a) using aggregated European exports to the US as an...

We present a two-step approach of assessing whether major donors of foreign aid have met recent demands for less proliferated and better coordinated aid efforts. First, we calculate Theil indices revealing the concentration of each donor's aid on recipient countries and specific aid sectors....