This paper focuses on financial interlinkages within Europe and potential contagion channeled through these interlinkages. It discusses the increased role of external financing as a source of funding for credit growth; analyzes potential channels of contagion through financial linkages; and...

This issue of the Regional Economic Outlook for Europe examines the moderate and uneven recovery occurring across the region. The varying speed of recovery in advanced Europe is closely linked to the degree of overheating and credit expansion going into the crisis. The even more varied speed of...

Europe is facing slower growth as a result of protracted financial turbulence and spillovers from the U.S. Meanwhile, inflation has risen sharply. Policymakers in advanced economies will have to continue to support financial markets and balance risks to real activity with the need to anchor...

"Die Region als Marke. Eifel, Harz und Südtirol – diese drei Regionen stellen beliebte touristische Zielgebiete dar. Im Management solcher Destinationen ist ein Trend zu beobachten, der auf eine stärkere Verknüpfung von Tourismus, Wirtschaft und Gesellschaft setzt. Dadurch rücken eine...

Congressional control of state taxation : evidence and lessons for federalism theory / Brian Gale -- Harmonisation of private law in Europe / Michael Faure -- Lessons in fiscal federalism from American Indian nations / Terry L. Anderson and Dominic P. Parker -- Do profits promote pollution? The...