The recession under way in the European Union and the threat of deflation have spawned increasing frequent calls for modification of the Stability and Growth Pact. The present article confirms the negative correlation of the rate of real output growth with that of increase in current public...

The article is part of the special issue of the journal on Charles P. Kindleberger (CPK). The article first summarizes CPK's professional biography and his historical method. Then particular attention is devoted to the study of international relations and the international financial and economic...

pt. 1. Introduction -- pt. 2. Solutions in America and Asia -- pt. 3. Solutions in Europe -- pt. 4. Impacts and responses in the BRICs -- pt. 5. Impacts and responses in developing countries -- pt. 6. Innovation in global economic governance -- pt. 7. From G8 to G20 -- pt. 8. Conclusion.