A comment on Lars Jonung and Eoin Drea's (2010) article, "It Can't Happen, It's a Bad Idea, It Won't Last: U.S. Economists on the EMU and the Euro, 1989-2002." _Econ Journal Watch_ 7(1):4-52. Link

A comment on Lars Jonung and Eoin Drea's (2010) article, "It Can't Happen, It's a Bad Idea, It Won't Last: U.S. Economists on the EMU and the Euro, 1989-2002." _Econ Journal Watch_ 7(1):4-52. Link

On the whole, the euro has, thus far, gone much better than many U.S. economists had predicted. We survey how U.S. economists viewed European monetary unification from the publication of the Delors Report in 1989 to the introduction of euro notes and coins in January 2002. U.S. academic...

A comment on Lars Jonung and Eoin Drea's (2010) article, "It Can't Happen, It's a Bad Idea, It Won't Last: U.S. Economists on the EMU and the Euro, 1989-2002." _Econ Journal Watch_ 7(1):4-52. Link

One of the enduring themes of the globalization debate is whether international law should be strengthened to protect foreign firm from discriminatory host governments, or rather strengthened to protect host governments from powerful multinational firms. This paper uses firm-level data from the...

In this paper game-theoretical concepts of power indices are applied to evaluation of power (or influence) distribution among different European Union member states in a decision making processes in the Council of Ministers, Commission and European Parliament. Dynamics of distribution of power...

This paper studies the effects of financial liberalization and banking crises on growth. It shows that financial liberalization spurs on average economic growth. Banking crises are harmful for growth, but to a lesser extent in countries with open financial systems and good institutions. The...

It is now clear that the global economic crisis has hit the Russian economy. The resulting shock clearly shows not only the global economic imbalance but also the distinct characteristics of emerging Russian markets. The Russian economy already changed its structure under the high economic...

The European Union should strengthen its role as one important global player by increasing competitiveness and cohesion of its regions and, in the same time by enforcing its strategy as competitor on an international scale. This means that competitiveness of the European Union as a whole should...